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I Synergy Group shows that its products are valuable

I Synergy listed on the ASX in March 2017 through an initial public offering (IPO).
steps going up over the top of the word 'growth'
The company paid a maiden interim dividend last month

I Synergy Group (ASX:IS3) has shown the value of its retail affiliate program MyKad Smart Shopper (MSS) by posting some strong results.

MSS is a retail reward program that partners with retailers in order to drive sales by offering exclusive discounts and retail privileges to MSS members (consumers).

MYDIN, one of Malaysia’s leading chains of hypermarket, supermarket and emporiums, with more than 300 outlets operating nationwide became one of MSS’ advertisers in June 2017.

The collaboration has been a success, with the sales generated by MSS steadily increasing at an average rate of 120% monthly over the past 4 months to generate nearly $2 million in sales.

MYDIN is the first chain hypermarket that has joined MSS and the instant results generated have proven the effectiveness of the company’s affiliate marketing solutions, regardless of the size of the business.

Dato’ Lawrence Teo, managing director, commented: “The success of MYDIN in MyKad Smart Shopper is what we truly strive for; a partnership that is mutually rewarding and valuable for both companies.”

Room to build the partnership

Currently, the MSS affiliate program applies to 12 of MYDIN’s participating outlets, however, MYDIN has over 300 outlets.

I Synergy is looking forward to having more of MYDIN’s retail outlets be a part of the MSS retail ecosystem.

The company’s growth strategy also involves the expansion of its affiliate program offerings to cater to various new business segments and markets.

READ NOW: I Synergy Group nearly triples total sales transactions

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I Synergy Group Ltd Timeline

October 08 2018

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