Miconex is an innovative new gift card scheme that uses digital e-card technology to transfer funds to the recipient’s account. The scheme has been incredibly successful, helping local businesses grow. It has expanded to include businesses in Canada, Ireland, and North America. This article takes a look at the growth of the scheme, how it works, and the technology used to disburse the funds.
Growth of the scheme
Miconex is a Scottish-based fintech company that offers prepaid gift cards to a variety of businesses. They work with businesses and business improvement districts to offer local gift card programmes that are easy to run and accept by all types of businesses.
As the leader of its UK Town & City Gift Card programme, Miconex is committed to making local purchasing easy. It works with communities to help make their economy healthier and better. The company has also launched two new programmes in Ireland in November.
The success of its current programs helped to set the groundwork for new ones. For example, the company worked with the Falkirk Council to launch the District Towns Gift Card programme. This scheme encourages active travel and provides funding to families who receive free school meals.
In addition to launching Town & City Gift Card programmes in Scotland, Miconex is also a partner in the Canadian Food Island Gift Card. This program is designed to encourage spending on Prince Edward Island.
Expansion into North America, Canada and Ireland
Miconex is a Scottish-based fintech firm that operates in North America, Canada and Ireland. The company has a clear vision to help local businesses thrive and retain spending within their community.
Miconex has established itself as one of the fastest growing FinTech firms in the UK. They have created a number of successful gift card programmes that support local businesses.
One of the most popular programmes is Town and City Gift Cards. The cards are designed to drive foot traffic to businesses and to stimulate economic activity. In addition, the programme allows shoppers to lock money in the local economy.
Miconex also launched a digital loyalty scheme in 2018. This loyalty scheme rewards consumers for spending money at registered businesses in a particular area of the country. Customers can link their existing payment cards with the scheme. For example, a customer could receive a 10% discount if they use their prepaid card at a local shop.
Digital e-card technology to disburse funds
Miconex is a company that has devised a town and city gift card scheme that has been used to distribute funds in Scotland, England, Canada and beyond. The program is designed to stimulate economic activity in local towns.
The Town & City Gift Card scheme is a free gift card that can be used to spend with local businesses. It’s not only good for stimulating the economy, but also for driving foot traffic. For example, Falkirk Council has implemented the District Towns Gift Card to encourage active travel.
While the Miconex Town and City Gift Card programme has been around for several years, it has been rolled out to 16 more UK towns in 2022. Using its technology, the company has been able to increase spending in local communities.
There’s more to Miconex’s technology than just the gift card, though. In addition to the Town and City Gift Card scheme, the company has also created the Mi Rewards loyalty scheme, which rewards consumers for spending money at participating local businesses. These are just a few of the many innovative programs the company has created to aid local businesses and stimulate the economy.
Support for local businesses
Miconex, a fintech company based in Perth, Scotland, is the provider behind the Scotland Loves Local Gift Card. The initiative, which has been backed by the Scottish Government, aims to encourage consumers to spend money at local businesses.
Miconex has a wide range of gift card programmes that support hundreds of independent stores and national brands. This includes the Miconex Town and City Gift Card and the Mi Rewards. Both are available on both the Visa and Mastercard networks.
Miconex is working with more than eight thousand local businesses in the UK and Ireland, as well as downtowns across North America. They have launched several new programs in the coming year.
Miconex has been recognised as a leading gift card company with several awards. They won the Small to Medium Business of the Year accolade at the GCVA Hall of Fame Awards in September, as well as the Social Impact award at the Scottish Financial Technology Awards in October.
