"MoLo Rewards mission is simple: Help people save money and enable retailers and marketers to better serve their customers."

MoLo Rewards enables consumers to obtain and redeem retail shopping coupons, gift cards and earn loyalty rewards directly through their mobile phone without the need to clip a paper coupon ever again. All of this is achieved by simply tapping your mobile phone in front of the cash register at the time of purchase.

How is this done you might ask? The answer is that MoLo Rewards makes use of a new technology called Near Field Communication or NFC for short. NFC is a short-range high frequency wireless communication technology enabling the exchange of data between devices over an average distance of about 10 centimeters (around 4 inches) initiated either via a wave or touching of these two NFC devices. Because the transmission range is so short, NFC-enabled transactions are inherently secure. Also, physical proximity of the device to the reader gives users the reassurance of being in control of the process. NFC in the coming years will play an increasingly important role in mobile phones allowing for seamless transferring of data between various systems opening up a whole new world of commerce. Over $6 billion in redeemed coupons and 1 in 6 mobile users by 2014 to be exact.

Beyond the great benefit of saving money, making use of MoLo Rewards and our offerings comes with the added knowledge that we help cut down on coupon fraud presently valued at $300-$500 million USD annually . We will also help save some of the 100 million trees destroyed every year by the paper coupon industry. Who said you can't save money and help the environment at the same time!