GLANCE TECHNOLOGIE COM NPV (OTCMKTS:GLNNF) shot up the chart yesterday with a 67% leap in price. GLNNF is also trading strong in early trading today. This mobile payment solution company is not well known, so let’s take a look at what they do.
GLNNF has an interesting app that it just recently combined with a digital deal marketing concept. The app has some interesting value and could be worth watching. Furthermore, the leap in price is certainly associated with this new online deal/coupon avenue.
GLANCE TECHNOLOGIE COM NPV (OTCMKTS:GLNNF) owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.
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GLNFF just recently launched just launched its in-app digital coupons for merchants and customers. Users will now be able to redeems offers on the app. The offers will be similar to Groupon offers.
Here is a quote from the company press below:
This announcement follows the emerging trend of North American consumers desiring more relevant deals that can be redeemed on a smartphone. In 2016, more than 59% of US internet users redeemed a digital code or coupon at least once, and this trend is set to continue. With this newest update of Glance Pay, Glance Technologies is reaching new verticals of retail through its successful application of Glance Merchant Dollars. Merchants can choose to issue a certain offer or deal with a determined start and end date that is redeemable by a code via the Glance Pay app. Codes can then be distributed through various marketing channels, such as in-app marketing, text, email, social media or traditional flyers. Deals can also be triggered automatically based on a variety of merchant defined parameters that don’t require codes, such as automatically giving merchant dollars to users for a future visit after their first visit, or having discounts that are only active during certain hours such as digital happy hour. Glance Technologies continues to empower merchants with these new features that promote their exclusive deals in-app to their network of growing users.
“There has been an incredible uptake of digital deals over the past couple of years as consumers see the value of convenient, accessible and secure digital deals.” says Glance CEO Desmond Griffin, “as 31 billion digital deals are set to be redeemed by 2019, we are proud to further leverage our technology platform to provide our merchants with an opportunity to entice repeat business and reach a wider customer base with a new way to unlock mobile offers. Our licensors, including Cannapay Financial Inc. and Active Pay Distribution Inc., will also benefit from this new technology development.”
GLANCE TECHNOLOGIE COM NPV (OTCMKTS:GLNNF) has a market cap of 18.302M and could be an interesting company to watch in the next few weeks to see how their recent announcement takes shape. For up-to-date coverage on shares of $GLNNF stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: We hold no position in $GLNNF, either long or short, and we have not been compensated for this article.
