PHONE CIRCULAR ECONOMY PROGRAM
Miami: May 1st, 2024
PHONE CIRCULAR ECONOMY PROGRAM
Glow is pleased to announce its new phone circular economy program
Glow’s GreenTech platform now has a built in Circular Economy Program variant that elevates the number of phone - and consumer electronics device - upgrades and trade-ins. For most Telcos this will mean a 35% increase in pre-owned devices being resold. We help Telcos meet their ESG targets in a ready-to-go program built into our existing GreenTech platform.
Highlights:
- Real-time decisioning: Our tech allows for more accurate used phone diagnosis and grading allowing real-time payment estimates to customers considering trading in their existing phone, encouraging trade-in/upgrade.
- World class phone tracking end-to-end with financial guarantees to support phone cleaning, a major source of customer trade-in reticence.
- Device-as-a-service built in to provide a lease-like payment option for customers with a guaranteed ability to upgrade based on trading in one’s old device.
- Upgrade/trade-in seamlessly integrated into the purchase journey encouraging trade-in.
- Targeted trade-in promotions at point of upgrade: when we start a new loan Glow can see when a user fails to trade-in their phone and then target those subs.
No other company has all 5 of these benefits: together, these elements dramatically increase the percentage of phones upgraded/traded in.In addition, our tech prevents existing repair houses and device insurance players from gaming the system by controlling the grading process. Our tech puts grading into the hands of the Telco driving increasing profitability.
Contact us to find out more.
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