Sep 20, 2022
SynchroLife Releases SynchroPay — Credit Card Payment & CRM Tools Now Combined!
Restaurants can now easily use their payment data for marketing!
September 20, 2022 — Tokyo, Japan
GINKAN Inc., the managing company of the token economy based social restaurant review service SynchroLife, has announced the release of “SynchroPay”. SynchroPay combines cashless payment with customer relationship management and loyalty program tools into one service for restaurants. SynchroLife is now accepting restaurant applications for SynchroPay, and the user service will begin in November 2022.
SynchroPay can be used by registering a credit card to your SynchroLife account. This allows users to pay their restaurant bill from within the app and earn SynchroPoints, Bitcoin, or other cryptocurrency (*1) along with their regular credit card points.
* Please note GINKAN Inc. has a patent for giving cashback in cryptocurrency based on cashless payment history. Patent 7015085.
Typically restaurants must process credit card payments and point card or loyalty programs separately, creating a complicated and confusing multi-step process at the register. With QR code payments, mobile ordering, and other various payment methods, it is difficult for restaurants to focus on their own marketing.
Diners face a similar struggle, having to show point cards and loyalty program rewards separately from their payment. It is not the best user experience.
SynchroPay is a payment service that solves these problems by combining payment and marketing tools together. Diners can use SynchroPay just by registering a credit card in the SynchroLife mobile app. There is no need for charging the app, diners can use the app to pay at any restaurant (*2). Diners earn their regular credit card points cashback, and they also earn Bitcoin or SynchroPoints in SynchroLife cashback. The dining visit and payment data is automatically saved in the restaurant’s membership program and diners can earn various rewards for their visits.
Restaurants (*2) are able to both simplify their operations at the register and use their cashless payment data in SynchroLife’s loyalty program and customer relationship management marketing services to encourage repeat visits to the restaurant. Restaurants are able to help nurture cashless payment customers into loyal customers, increase their sales per customer, and receive other such new benefits in exchange for their payment fee.
Moving forward, SynchroLife plans to make SynchroPay easier for both restaurants and consumers to use by bringing SynchroPay to restaurants across the country and adding features like BNPL (Buy Now Pay Later).
(*1) See the following news for more details: Eat and Earn Crypto! SynchroLife Partners with Cryptocurrency Exchange Company Mercury to Reward Diners with Cryptocurrency
https://medium.com/synchrocoin/eat-and-earn-crypto-53bea577366b
(*2) SynchroLife partner restaurants (restaurants signed up to use SynchroLife’s one stop promotional and customer relationship management tools which have no starter fees, no monthly fees, and only require 5% cashback on sales)
SynchroPay’s Strengths
Restaurant Merits
・SynchroLife’s loyalty program and CRM can now be run just by processing credit card payments
・Payment data can now be used alongside other user data in the loyalty program and CRM to help encourage repeat visits
・Register operations are made simple and reduces the burden on restaurant staff— payment and marketing services all in one step
・Ideal UI/UX experience for diners as they pay (with credit cards or points) and earn loyalty program and digital rewards all in one mobile app.
User Merits
・Earn both credit card points and SynchroLife point or cryptocurrency rewards just by registering their credit card.
・Paying with SynchroLife completes the payment and loyalty program process all in one quick step.
Website for partner restaurants:
https://business.synchrolife.jp/
About SynchroLife
SynchroLife is a global restaurant discovery social media service (Web2) and the world’s first (*3) Eat to Earn (Web3) token economy based restaurant social review platform. Users earn score-based token rewards while dining out and posting restaurant reviews. Users also earn 1% to 20% of their dining bill cashback in Bitcoin, Ethereum, or other cryptocurrencies when dining out at any of SynchroLife’s 1,800 partner restaurants. SynchroLife allows consumers to earn crypto assets through their daily spending.
SynchroLife started in 2018 as the world’s first (*3) “Eat to Earn’’ service and currently has over 400,000 restaurant reviews. SynchroLife uses AI to analyze reviews to give personalized recommendations based on each user’s likes and dislikes and quickly guide users to great restaurants. Within the SynchroWallet users can manage the points they earn cashback from dining at partner restaurants, along with digital offers and membership cards. SynchroLife makes it fun to be a regular customer.
SynchroLife is currently available in over 155 countries and four languages (English, Japanese, Chinese, Korean). As SynchroLife grows it shares its value with users who have contributed through restaurant reviews and other actions, and it aims to be Asia’s top autonomous growing social restaurant review platform.
- SYC (SynchroLife) Project Site
https://www.synchrolife.org/
- SynchroLife Official Website
https://www.synchrolife.io/
(*3) SynchroLife is the world’s first service that “uses blockchain for a restaurant review reward system” according to our research in August 2017.
* Review rewards are given in the form of loyalty points exchangeable 1-to-1 for SYC. SynchroPoints are usable at a rate of 1 Point = 1 Yen inside the app.
* SYC is issued by SynchroLife Limited HK.
* SynchroLife and SynchroCoin are trademarks of GINKAN, Inc.
* QR Code is a registered trademark of DENSO WAVE.
About GINKAN
- Company Name: GINKAN, Inc.
- Address: Shin-Yurakucho Building 11F, 1–12–1, Yurakucho, Chiyoda-ku, Tokyo, 100–0006
- Representative: CEO Tomochika Kamiya
- Established: December 2015
- Website: http://ginkan.jp/index_en.html
SynchroLife Mobile App
iPhone (For iPhone 5s and up, iOS 11.2 and up)
・https://itunes.apple.com/app/id557532449
Android (For Android 6.0 and up)
・https://play.google.com/store/apps/details?id=jp.co.synchrolife
Learn More
・Official Website: https://www.synchrolife.io
・SynchroCoin Project Website: https://synchrolife.org/
・SynchroCoin Project Blog: https://medium.com/synchrocoin
・Partner Restaurant Website: https://business.synchrolife.jp/
・Twitter: https://twitter.com/synchrocoin
・Facebook: https://www.facebook.com/synchrocoin
・Discord Community: https://discord.gg/gjEwDfZ4pn
