Enables SurgePhone Wireless customers to earn free unlimited service
Increases SurgePays Reloadable Debit cardholders by requiring the card to receive cash rewards
Memphis, TN – November 14, 2019 – Surge Holdings, Inc. (“Surge”) (OTCQB: SURG), developer of the SurgePays™ Marketplace Network for convenience stores, bodegas and community markets that provide products to the underbanked, today announced the launch of its proprietary SurgeRewards App. Through engagement with the SurgeRewards application, customers earn points that can be redeemed for wireless service, cash rewards, and more.
Customers earn rewards points from the ad impressions that appear while they unlock their phone and also by opening the SurgeRewards app to watch videos and ads, as well as by participating in short surveys. These reward points can be converted into statement credits for free cell phone service or cash. Customers are required to have a SurgePays Reloadable Debit card to receive their monthly cash disbursements.
Brian Cox, CEO of Surge Holdings, commented, “After significant investment and development into this software asset, we are very excited to launch our very own SurgeRewards app. Not only do we enable SurgePhone to offer free wireless service, but we can now partner with 3rd party wireless companies to offer revenue sharing rewards to their customers. We estimate this app will drive between 15,000 to 20,000 SurgePays Reloadable Debit card activations per month due to the card being a requirement for customers to get their monthly cash payments. Out of a single sale and customer relationship, Surge will realize revenue from the ad network rewards app, the wireless service and the debit card. This app allows us to cross-market sales efforts to obtain wireless customers and debit card holders.”
In addition to its free SurgePhone Wireless service, the app will be preloaded on True Wireless customers Android handsets as well as other 3rd party Lifeline companies’ handsets for additional revenue sharing opportunities through the ad network. All of these monthly cash disbursements will require these customers to obtain a SurgePays Reloadable Debit card as well.
Mr. Cox further stated, “We believe the SurgeRewards app will help build brand loyalty and further entrench customers within the Surge ecosystem so we can further monetize the relationships with our underbanked customers. This product fits perfectly with our mission to have a positive impact on the lives of our customers, and I take pride in knowing how many people will benefit from this service.”