Hybrid Pay Tech World inc. (CNSX :HPT) announces that its subsidiary company Mobi724 S.R.L. signs a commercial agreement with Grupo Sancor Seguros Argentina S.A.

Revolutionary, strengthened and more secure, mobile redemption platform solution is ready to be rolled out.

MONTREAL, Oct. 21, 2013 /CNW Telbec/ - Mobi724 S.R.L. an Argentine corporation, a wholly owned subsidiary of MOBI724 solutions inc. has signed a commercial agreement with Grupo Sancor Seguros Argentina S.A. for the implementation of a global rewards and coupon solution for all the enterprises of the Group.

The design, development, implementation and management of the global loyalty program for the Grupo Sancor Seguros, using MOBI724's digital incentives platform and services, will allow program members the possibility to redeem their rewards currency, as well as the immediate authorization of rewards and discount coupons at Point of Sale, in an easy and seamless process, using MOBI724'a connectivity with the payment terminals all around the country, through its integration with Visa Argentina payment Gateway. Initially the program will be offered to the enterprise clients of the Group, to be extended later to the more than 900000 individual policy holders.

Marcel Vienneau CEO of Mobi724 stated "We are very happy to team up with the most important insurance brand in Argentina. Signing a contract with the largest insurance group in the country, to allow its clients to redeem discount coupons and rewards, at Points of Sale using MOBI724's platform, in a simple and secure process both to the user and the retailer, confirms our solution's ability to generate added value now and beyond ".

Mr. German Gramaglia, Marketing Manager of the Group stated:  "We are very happy to be able to engage with our customers with multiple types of communications channels in a seamless process and be able to reward them through the use of the best of breed tools. In Mobi724 we have found the best solution available in the market, and we trust it will help us better engage and reward our best customers"

About Grupo Sancor Seguros
Sancor Seguros Group is an insurance company with a trajectory of more that 65 years in the market. Founded in 1945 as a cooperative in the city of Sunchales, province of Santa Fe, where they have their Head Office, has managed to expand through its enterprises into Uruguay, Paraguay, Brazil and Miami, USA.

Currently the No.1 Insurance Group of the Argentine market in terms of turnover, it has more than 3 million members, 5,000 insurance brokers, more than 1,600 employees, 50 regional offices, 480 franchised offices, and operates in the fields of property insurance, agriculture and health and life insurance (through its company "Prevention ART").

About Mobi724 S.R.L.
Mobi724's PAY PER PERFORMANCE MODEL addresses the significant need for accountability in the marketing space. Our solutions, including our universal "mobile Digital Incentives Gateway" (coupons, gift-cards and rewards) enables retailers, manufacturers of consumer-packaged goods, loyalty providers, mobile operators and payment card issuers to create, manage and deliver incentives to their customers base on ANY mobile device worldwide. Users are able to redeem offers at ANY Point of Sale or online, in a seamless transaction process that provides instant gratification for both the customer and the retailer. We focus on mobile carriers, loyalty operators, payment card portfolios and large retailers to enhance their offering with our end to end solution. We have partnered with several international brands to operate our white label offering.

Mobi724 s.r.l. of Argentina is a wholly owned subsidiary of Mobi724 Solutions inc., Canadian corporation with offices in Montreal /Canada and Buenos Aires / Argentina. Mobi724 Solutions inc. is a wholly owned subsidiary Hybrid Pay Tech World inc. (CNSX :HPT)  based in Montreal, Canada.

The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States


SOURCE: Hybrid PayTech World Inc.

For further information:

Please visit www.hybridpaytechworld.com or contact Mr. Michele Mike Tasillo 514-394-5200 ext:230 / mike.tasillo@hybridpaytech.com

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Hybrid PayTech World Inc.

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