How they describe themselves: OmnyPay empowers retail brands to build a private-label commerce ecosystem that encourages consumers to use their mobile phone for all aspects of their buying journey. Through data-rich interactions, OmnyPay delivers personalized promotions, payment processing, and loyalty rewards, which increases average order value for businesses and customer lifetime value. The company is headquartered in San Francisco and led by senior executives with deep experience in payments, mobile, retail and commerce.
How they describe their product/innovation: OmnyPay is the only solution that enables shoppers to connect their mobile devices directly to a businesses’ Point Of Sale system. The shopper can see all the savings and offers available to them while scanning items. They can redeem them and pay for products on their phone with a single press of a button. While enabling these frictionless experiences, OmnyPay maintains the highest levels of security, utilizing multi-factor authentication, dynamic tokenization, and HCE-based cloud security for every transaction. The platform supports all forms of payment, allowing merchants to reduce per transaction costs, while increasing customer lifetime value.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Bus. Dev.: Mung Ki Woo, Chief Officer Strategic Relationships & International, firstname.lastname@example.org
Press: Carmen Hughes, Ignite PR, email@example.com, 650-576-6444
Sales: Arun Tolani, CRO, firstname.lastname@example.org