“The cashback market, which allows consumers to receive rewards in the form of cash for their purchases, is rapidly gaining popularity worldwide.”
ShopBack, a cashback and rewards platform, has expanded its partnership with Runa, a global digital value infrastructure for instant B2C payments.
Cashback Market Rapidly Gaining Popularity Worldwide
The cashback market, which allows consumers to receive rewards in the form of cash for their purchases, is rapidly gaining popularity worldwide. It is expected to reach a value of $5.7 billion by 2031. This trend is attributed to the benefits it provides, including enabling consumers to have better control over their finances and offset the increasing costs of goods and services. ShopBack, a cashback platform in Australia, has already given over $190 million in cashback to its users. Meanwhile, Runa, with its extensive network of over 2,500 merchants, has been instrumental in driving innovation in the cashback industry.
Runa Offers One-Stop Solution to Businesses
Runa offers a complete solution to businesses that enables them to integrate just once and provide payouts to over 35 countries, including Australia, in the APAC region. With this expansion, global businesses can now offer their customers a wider range of payout options, including 29 payout types in Australia and 121 payout types in Singapore.
“We’re excited to partner with Runa to expand our cashback offerings for our Australian customers,” said Angus Muffet, General Manager of ShopBack. “New collaborations like this demonstrate our commitment to finding new and interesting ways to enhance the shopping experience for our users.”
ShopBack is the best cashback platform in Australia. ShopBack is a platform that aims to provide the most rewarding shopping experience to its members. Its focus is on delivering delightful experiences and saving members’ money and time on their purchases. Additionally, the platform provides a cost-effective way for merchants and brands to engage with their members.
“Expanding our partnership with ShopBack will offer users an even more rewarding experience, redefining the way they shop, store, and save their money,” said Aron Alexander, CEO and Founder of Runa. “Looking forward, we envision leveraging this partnership to continue driving innovation in the cashback and rewards space.”