Yahoo! and Coupons Inc. are launching a mobile coupon platform. Coupons Inc. is a leading online coupon distribution network and has relationships with 800 brands. The mobile network will immediately be available to all brands within the network.
“We see mobile coupons as a natural extension of our leading digital marketing platform and a way to turn coupons into a strategic marketing vehicle that delivers value,” said Steve Boom, Senior Vice President, Mobile, Yahoo!. “Our global reach, leading position in mobile advertising and the ability to deliver the right offer to people, coupled with Coupons, Inc.'s leadership in coupons, creates a unique opportunity to define and catalyze the market for mobile coupon promotions. When consumers get a coupon they want it's not seen as an ad – but a gift.”
While the mobile coupon market is relatively new, the strategy is expected to be a fruitful source of revenue for mobile publishers.Recent data from Hitwise shows that traffic to coupon websites is up 56% from 2007. Yahoo! and Coupon Inc. are hoping that translates to mobile.
“Coupons, Inc. has been innovating coupon technology for a decade. Mobile coupons are a logical next step in the industry's evolution, and we continue our commitment to drive interactive coupons with our new mobile initiative,” said Steven Boal, CEO of Coupons, Inc. “By partnering with Yahoo!, we will extend our customers' reach to a new generation of consumers — especially teens and young adults — in a medium that best fits their lifestyles.”
What do you think of this partnership? Are mobile coupons going to be lucrative? Let us know in the comments.
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