Telco disruptor Yatango is now attempting to move in on the e-commerce vertical with the launch of Yatango shopping.
The member-only platform allows consumers to purchase discounted products from major lifestyle and technology brands, build their own product-financing plan and earn/redeem rewards. After launching its first product, Yatango Mobile, in early 2013, the business has seen 30 per cent growth month on month, and has plans to launch into the UK and USA in the next 18 months.
Yatango is also currently contemplating an ASX listing to capitalise on its momentum and drive further growth.
Yatango Shopping is one of the first e-commerce platforms in Australia to accept peer-to-peer payments and Bitcoin, a form of digital currency, as well as allowing customers to build their own finance plan. All Yatango members will receive free shipping and three months interest free on all purchases at our below retail rates. Yatango purchased leading online retailer Mobicity in January this year, and has taken over it large customer base, traffic and revenue to launch Yatango Shopping. Yatango founder and chief executive, Andy Taylor, who is also the Co-Founder of SocietyOne, said the social shopping platform integrated the already growing Yatango Mobile community and offered members access to some of the leading brands and products with special member benefits, pricing and rewards.
“Our aim is to create an ecosystem of services that will reward customers and empower them with real-time transparency, one-to-one personalisation, self-service and crowd sourced support," he said.
"Our customers are rewarded for inviting friends and family into the community, for helping answer questions, writing reviews and giving personal recommendations.
"Rewards can be used to buy products within Yatango Shopping or put towards customer’s Yatango mobile bill."