Funding
Funding not disclosed
Founders
Product
Problem
Many businesses and individuals face challenges in managing and promoting specific spending behaviors within a defined community or for a limited time. Existing payment solutions often lack the flexibility to incentivize spending within a closed ecosystem or to encourage timely usage of funds.
Solution
TLMJ offers echari, a mobile payment platform that enables the creation and management of closed-loop payment systems with time-limited currency. The platform consists of two apps: an issuing app for businesses or event organizers to create and distribute "echyen" with set expiration dates, and a payment app for users to spend the currency within the designated ecosystem. This system allows for targeted spending incentives, supports local economies, and provides detailed transaction data for administrators. The "issuing pro" plan enables the creation of exclusive payment zones for events or specific groups, enhancing customer loyalty and increasing purchase values.
Target Audience
The primary target audience includes event organizers, business owners, local governments, and community groups seeking to create and manage their own digital currency systems to promote local spending and customer engagement.
Features
- Mobile payment apps for both currency issuers and end-users
- Ability to set expiration dates on issued currency to incentivize timely spending
- "Issuing Pro" plan for creating closed payment ecosystems for events or specific business groups
- Integration of unique points and incentives tailored to specific user needs
- Reporting tools for administrators to track spending patterns and manage the payment ecosystem
- Open and closed-type settings for controlling access to the payment group
- Compatibility with "Torenyan" collectible cards, allowing for integration of rewards and coupons
- API for integrating with external systems and services