The newly launched mobile app allows for increased choice and flexibility to modernize the confines of existing meal plans
Fort Lauderdale, FL, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Qolo, the omnichannel payments platform for Fintech, today announced a landmark partnership with Phood, a mobile wallet that provides college students with greater flexibility, convenience and diversity with their dining options, including groceries and other convenience items.
Qolo will provide the critical infrastructure and payments processing for Phood’s wallet, supporting all transactions. Qolo recently became end-point certified to support Phood’s integration with the Discover Global Network in September of this year.
“Innovating in archaic systems like college dining requires future-minded companies like Qolo and Phood who can both think creatively and move nimbly,” said Patricia Montesi, Qolo CEO. “The opportunity to mitigate current dining constraints and also contribute to enhancing local economies is an exciting prospect and we’re thrilled to partner with a pioneer like Phood, under Alex’s leadership. This innovative approach is simply another example of the limitless potential of the Fintech industry.”
Launched earlier this year, Phood is now active on four college campuses and continues to grow. It is the first student wallet that can be used for both on- and off-campus dining, allowing students the option to use their meal plan dollars to order food from popular delivery apps like DoorDash. Bridging the gap between campus and public dining, Phood integrates into a university’s dining services at no cost, creating new revenue for both the university and its surrounding community.
"Phood allows students the ability to do something that has never been done before -- use their campus dining and meal plans more than just on-campus,” said Alex Parmley, Co-founder and CEO of Phood. “So much about campus life has changed in recent years, but very little within the college system has changed to accommodate it. Now, backed by the support of Qolo, Phood is providing new infrastructure for students to match the ways they are living, and eating, today."
According to Phood’s research, students on college campuses already use food delivery apps 3-5 times a week. Phood’s integration with Qolo will dramatically scale the ability of universities to participate and benefit from that market. Students who would like to request Phood on their campus can visit phood.co/students.
Phood transforms the way students and parents interact with services on and off campus over their stay at university. Focused on providing payment integration, Phood establishes their value add in the dining department and will move on to larger spending verticals.
Founded in 2018, Qolo is the omnichannel payments platform for Fintech, with a mission to help businesses navigate today’s complex payments and financial transactions landscape. Qolo empowers businesses to manage payments efficiently with an eye toward growth and reduced expense. Qolo supports companies wherever speed, security and cost of payment are important including gig worker payouts, distribution payments, multi-currency and cross-border businesses and modern fintech firms. Composed of experts and entrepreneurs in payments, Qolo’s founding team has more than a century of combined industry experience. Learn more at https://qolo.io/.
CONTACT: Fran Del Valle Rally Point Public Relations 917.922.5653 firstname.lastname@example.org Megan Hanson Phood 763-229-7023 email@example.com