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Can banking reward schemes deliver on their customer loyalty promise?

There is no doubt that reward schemes are a decision driver for consumers to shift their financial services towards retailers, who are increasingly becoming a threat to retail banks. In recent research by ICM Unlimited it was found that more than 50% of consumers are considering financial services with their supermarket because of competitive pricing

  • Editorial Team
  • October 30, 2015
  • 1 minute

There is no doubt that reward schemes are a decision driver for consumers to shift their financial services towards retailers, who are increasingly becoming a threat to retail banks. In recent research by ICM Unlimited it was found that more than 50% of consumers are considering financial services with their supermarket because of competitive pricing and loyalty rewards.

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