SurgePays, Alpha Modus partner to launch Alpha Cash mobile wallet pilot

SurgePays (SURG) announced the launch of a 25,000 activation pilot to integrate the Alpha Cash mobile wallet across its distribution surface under a multi-year agreement with Alpha Modus Holdings (AMOD). The pilot is designed to monetize SurgePays’ subprime customer base by pairing acquired consumers with additional financial products. Key terms of the pilot include a $10 per activation bounty, a $250,000 fixed bounty pool, and a 10% revenue share on net revenue from each enrolled wallet user for five years. “SurgePays reaches the subprime consumer through three distribution channels: prepaid wireless, our point-of-sale platform across approximately 9,000 convenience stores, and the ProgramBenefits.com platform,” said Brian Cox, CEO of SurgePays. “The opportunity in front of this Company is to put more life-enhancing products in front of every subprime consumer who flows through those channels, including financial products, benefit programs, and savings tools, and to earn a revenue share on each one. The Alpha Cash pilot is the first deliberate step in that direction.”