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My Rewards International Limited ( (AU:KLV) ) just unveiled an update.
Klevo Rewards’ wholly owned subsidiary Fly Wallet has received a $2 million incentive package from Mastercard, comprising about $1.7 million in cash and $0.3 million in service credits, tied to platform performance and utilisation. The reward highlights the rapid scaling of Klevo’s rewards card and digital wallet platform since acquiring Fly Wallet and reflects a successful transition from platform build to commercial operations.
Management said the incentive demonstrates improved unit economics, rising operating leverage and validates execution of the group’s growth strategy, with Fly Wallet now operating at a level that delivers tangible commercial benefits. In line with its stronger operating profile and confidence in its growth trajectory, the board is also weighing an on-market share buyback, subject to regulatory approvals and market conditions, signalling a more active capital management stance.
More about My Rewards International Limited
Klevo Rewards Limited (ASX: KLV) is a global provider of customised, subscription-based reward and loyalty marketplaces for corporate and consumer clients. The company’s core offerings span white-labelled Mastercard-powered loyalty technology, rewards programs, customer experience solutions and digital marketing services, enabling branded payment and engagement platforms for partners.
Average Trading Volume: 2,029,620
Technical Sentiment Signal: Buy
Learn more about KLV stock on TipRanks’ Stock Analysis page.