Yaap Shopping launch promotes customer loyalty for local businesses - Global Banking & Finance Review
The image illustrates the launch of Yaap Shopping, a customer loyalty community aimed at enhancing local businesses in Spain. Featuring offers and discounts, this initiative connects over 200 businesses in Valladolid and Palma de Mallorca, promoting digital engagement and customer retention.
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YAAP LAUNCHES “YAAP SHOPPING” – ITS CUSTOMER LOYALTY COMMUNITY FOR LOCAL BUSINESSES

Published by Gbaf News

Posted on June 13, 2014

3 min read

· Last updated: October 31, 2023

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Introducing Yaap Shopping Loyalty Network

Yaap Shopping is a loyalty network that connects businesses and customers through multiple offers and promotions

Initial Launch Cities and Early Adoption

Valladolid and Palma de Mallorca are the first cities where this service will be available. There are already more than 200 participating businesses

Expansion Plans for Spanish Cities

The service will be progressively incorporated in other Spanish cities in upcoming months

Yaap Shopping is the first service to launch in-market since Yaap was unveiled two months ago

Company Background and Market Entry

Yaap, the joint-venture between CaixaBank, Banco Santander and Telefónica, signals the beginning of its business operations with the launch of its first service, Yaap Shopping, in the cities of Valladolid and Palma de Mallorca.

Yaap shopping (www.yaapshopping.com) is a loyalty network that allows thousands of businesses to interact with hundreds of thousands of customers through offering discounts and promotions on their products and services. This is a service created for all types of physical businesses – from clothing stores to watch shops, restaurants, gyms and hairdressers. It’s specifically intended for local small businesses that often have little or no online presence.

Yaap Shopping will begin its activity tomorrow, this Thursday, in Valladolid and will be unveiled in Palma de Mallorca next week. Customers who register in these cities will enjoy automatic discounts across more than 200 businesses already participating, with other Spanish cities joining in the upcoming months. Yaap Shopping is launched with the objective of becoming Spain’s largest customer loyalty network by uniting tens of thousands of businesses under one service.

Yaap Launches “Yaap Shopping” - Its Customer Loyalty Community For Local Businesses

Yaap Launches “Yaap Shopping” – Its Customer Loyalty Community For Local Businesses

Supporting Small Businesses and Customers

Yaap aims to become an ally for small businesses, helping them to realise the benefits of going digital and modernising their business activities. With Yaap, businesses can provide their customers with discounts, offers and loyalty programmes and thus increase their sales and improve retention rates through stronger customer relationships. For customers, Yaap will bring the sort of exclusive advantages and promotions usually seen in larger retail chains to small businesses with a local presence.

With Yaap technology, neither businesses nor their customers will have to change their buying and selling habits. Customers will pay using their usual card, from any bank, and the discount or promotion created by the business will be automatically generated. True to the joint-venture’s open ethos, Yaap Shopping is a service for all customers, regardless of their bank or mobile phone operator.

Yaap (www.yaap.com) has a clear mission: to create technology-driven businesses that seek to improve people’s welfare through global and open digital services. Yaap Shopping is the first step in this undertaking.

Key Takeaways

  • Yaap Shopping launches in June 2014 as the first in‑market service of Yaap, a joint venture by CaixaBank, Santander and Telefónica.
  • The loyalty network debuts in Valladolid and Palma de Mallorca with over 200 participating local businesses.
  • Yaap Shopping offers automatic card‑based discounts and promotions, without altering existing payment routines and open to all banks and operators.
  • The platform aims to become Spain’s largest loyalty network by progressively expanding to more cities.

References

Frequently Asked Questions

What is Yaap Shopping?
A customer loyalty network launched in Spain by Yaap that connects local physical businesses with customers via automatic card‑based promotions and discounts.
Who owns Yaap Shopping?
It’s operated by Yaap, a joint venture between CaixaBank, Banco Santander and Telefónica.
Where did Yaap Shopping launch first?
It launched in Valladolid and Palma de Mallorca in June 2014.
Do customers need a special card or bank to use it?
No, customers pay with their usual bank card and the discount is applied automatically; service is open regardless of bank or mobile operator.
What’s the goal of Yaap Shopping?
To become Spain’s largest customer loyalty network by uniting tens of thousands of small businesses under one platform.

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