Australia’s leading payments company, Tyro Payments has joined forces with Australian fintech company, Hello Clever, to revolutionise the loyalty rewards landscape. 

Launching to around 70,000 Tyro merchants including retailers and hospitality venues, shoppers can now redeem instant cashback rewards on everyday transactions in-store and online through Hello Clever.

With more than half (54%) of loyalty-based reward memberships being inactive, Hello Clever’s real-time cashback rewards redefine the in-store shopping experience with Tyro merchants.

In an Australian-first, Hello Clever users can now receive rewards instantly, spend them immediately at participating outlets, and withdraw cashback rewards directly to their bank accounts almost instantly.

The cashback rewards platform coupled with Tyro’s loyalty API is a first-ever solution that means customers get their money back within seconds compared to up to 90 days for typical rewards programs. 

Tyro chief growth officer, Dee Bannatyne said, “We continuously strive to innovate in the payments space so that we can help Australian businesses provide fantastic dining experiences for their customers. We are thrilled to be partnering with Hello Clever on this initiative, providing rewards for our merchants and customers alike.”

Hello Clever CEO, Caroline Tran added, “Providing shoppers with easy-to-access rewards online has always been our mission. Now, through our unique partnership with Tyro, we’re able to provide our customers with instant cashback rewards when shopping with their favourite in-store retailers, hospitality venues, and other merchants. 

“Amid the current economic climate, shoppers are seeking instant rewards and benefits more than ever. Traditional loyalty-based rewards are often too complex and cumbersome to provide value for everyday purchases. As shoppers become more conscious of their spending, Hello Clever is committed to providing them instant rewards.”