Perkbox use case
Using Open Banking to enhance employee experience
Perkbox is an all-in-one platform which helps create a great employee experience, both in work and life - helping to attract, engage and retain the best talent. They have set off to connect employees with some of the best local merchants around them, simply using their existing credit or debit card. In this way, Perkbox will be adding to its existent top quality high street retailer portfolio a new experience category for employees, local businesses.
What's the Open Banking use case?
Employees will simply have to link their credit or debit cards once to the Perkbox platform with Open Banking and without having to change any of their spending habits, will automatically receive access to the thousands of local perks available on the platform. The savings made from redemptions will arrive in their Perkbox wallet in the form of credit, which can then be spent on other perks on the platform and in the future will be available to redeem for cash.