Fintech HyperJar partners with Tillo in industry-first move offering instant Cashback Gift Cards

HyperJar, the London-based FinTech and UK’s top-rated digital wallet1, is adding instant Cashback Gift Cards to its extensive feature set. Partnering with Tillo, the world’s fastest-growing digital gift card network, HyperJar will be the first spending app to integrate Cashback Gift Cards, giving its customers the option to earn instant cashback of up to 15% from over 50 top brands, straight into their wallets.

HyperJar CCO, Nicola Longfield, says: “This launch expands the scope of the gift card category and introduces genuine innovation. We’re not just the first to integrate instant cashback gift cards with a spending account, we’re the first to introduce ‘merchant cashback’: our customers can choose a higher rate on cashback that’s committed to a merchant. HyperJar’s unique point-of-sale rewards tech, combined with Tillo’s digital gift cards expertise, has delivered something exceptional both for merchant partners and our more than half a million customers. Brands get a new loyalty mechanic that we have shown drives incremental growth, and consumers get more meaningful rewards. It aligns perfectly with our mission to help people manage their money better and make their budgets go a lot further.”

Tillo CEO and founder, Alex Preece, says: “At Tillo, we’re always pushing the envelope to expand the potential of digital gift cards beyond traditional uses and are thrilled to partner with HyperJar to help them bring instant cashback gift cards to life. This collaboration represents an industry-leading example for FinTech companies keen on finding new use cases for these cards beyond conventional gifting. Our API effortlessly manages and delivers digital gift cards from 2000+ global brands, with  unprecedented access to powerful gift card discounts that can then be turned into enticing cashback offerings and more.”

Using HyperJar Cashback Gift Cards will deliver significant rewards for typical shoppers. Examples include £13.50 instant cashback on a £300 Marks & Spencer gift card (4.5%); £9.00 instant cashback on a £300 ASDA gift card; and £6 instant cashback on a £100 Primark gift card (6%).

HyperJar Cashback Gift Cards can be used on top of most existing retailer loyalty cards, offers and discounts, helping people stretch their spending money as far as possible.

Nicola Longfield continues: “Until nowthis kind of cashback has been available only via employee benefit schemes and specialist sites, so we’re delighted to be the very first digital wallet offering such significant savings to everyone who uses our free app. Giving back around £30 a month to a typical household – available instantly to spend or save – is a way to help millions battle inflation head on, and make our budgets go further.”

HyperJar’s current features:

Money Management:

• Budgeting Jars: Dividing your everyday spending money according to where you need it to go is a brilliantly effective way to budget. It makes you more conscious of what you’re spending and where and helps with short- and long-term goal setting. Create as many Jars as you like to fit your life and budget.
• Scheduled payments: Set up regular scheduled payments between your Jars and to your HyperJar contacts on the days and dates that work for you.
• Notes: Create notes in Jars to keep track or IOUs, shopping lists, or anything relevant to that Jar.

Rewards:

• Cashback Gift Cards: Love cashback but #hatethewait? Get up to 15% instant cashback, guaranteed, when you buy a HyperJar Cashback Gift Card for one of over 50 leading brands. Ready to spend? Your Cashback Gift Cards are stored in the app.
• HyperVouchers: Get paid to plan with an ‘annual growth rate’ on money committed ahead of spending with our merchant partners. The best part? HyperVouchers are automatically redeemed when you shop using your HyperJar card.
• Discounts and offers: Head to the Shops tab in the app for exclusive discounts and special offers.

Spending:

• HyperJar card: Your HyperJar prepaid card is accepted everywhere that takes Mastercard (which is pretty much everywhere).
• Apple Pay/Google Pay: Safer, faster payments when you add HyperJar to Apple Pay and Google Pay with no contactless limits.
• Linking: Automate payments from any Jar to any retailer with Linking. Link Tesco, Asda, Aldi and Waitrose to your Food Shopping Jar and every time you spend with them using your HyperJar card, the payments come from the right budget, automatically.
• Superlinking: Superlink your HyperJar card to a Jar to spend directly from that Jar. Superlinking overrides any other spending instruction.
• Only/ Never: Choose to spend from a Jar Only with specified retailers, or Never with specified retailers. For example, add £50 to an Emergencies Jar shared with a teenager than can only be spent with Uber.
• Block: Block spending with any retailer at account level.

Group spending and saving:

• Shared Jars: Share & Permission. Share your Jars with any number of other HyperJar customers and set goals, permissions and limits for each. Sharers can message each other inside Jars. For friends, family, colleagues and kids.

Travel:

• No added fees on FX: We don’t add any fees on when you use your HyperJar card to spend abroad.

Kids:

• Add kids’ cards to your account: Add free Kids Cards to your account for your children aged 6-16.
• Kids’ version of the app: Kids with their own mobile can download a version of the app and create and manage their own Jars. The parent or guardian will still be the Jar ‘owner’ and see spending notifications.
• Add kids’ cards to Apple Pay/Google Pay: Children 13+ can add their HyperJar cards to Apple Pay. Children 16+ can add their cards to Google Pay.