Quantum-optimized rewards application shows 50%
improvement in customer rewards programs for the same amount of
budget
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing
systems, software, and services and the world’s first commercial
supplier of quantum computers, and Satispay, the leading Italian
fintech unicorn revolutionizing mobile payments, today announced
that the companies have built a quantum-hybrid application designed
to optimize customer rewards initiatives. Using D-Wave’s
constrained quadratic model (CQM) hybrid solver, the application
showed an improvement of 50% in customer rewards programs for the
same amount of budget, thus identifying more effective approaches
to Satispay’s rewards programs and efforts to increase membership
to the revolutionary and independent payment network.
As a testament to its potential business value, Satispay plans
to transition the quantum-hybrid application into production, with
internal teams expected to use it weekly. The work between D-Wave
and Satispay comes at a time when Satispay adoption is on the rise
in countries such as Italy and France, with consumers and
businesses alike looking for a seamless, secure and easy way to
send, receive and spend money.
“It is our mission at Satispay to simplify payments to improve
everyone’s life, and we’re looking at innovative ways we can
accelerate adoption and usage of our network to quickly build out
our market footprint in service of that vision,” said Dario
Brignone, founder and CTO of Satispay. “Together with D-Wave, we’ve
built a quantum-hybrid application that has demonstrated immediate
business value at scale, helping us more effectively manage our
rewards program to save money, improve rewards appreciation and
drive increased membership.”
“Digital payments represent one of the fastest-growing trends in
financial services,” said Murray Thom, vice president of quantum
business innovation at D-Wave. “By applying the power of
quantum-hybrid technology to optimize Satispay’s customer
acquisition strategies, we’re helping one of Europe’s top fintech
companies unlock a competitive advantage and bring its independent
payment network to more customers, faster.”
The CQM hybrid solver is available in the Leap™ real-time
quantum cloud service, which can be accessed here.
About Satispay
Satispay is the mobile payment super network alternative to
credit and debit cards. Independent, efficient, convenient and
secure, the Satispay app allows users to pay in physical and online
stores and exchange money between friends, as well as benefiting
from a range of other services such as phone top-ups, bill
payments, pagoPA slips, auto vehicle tax stamps, donations, gift
envelopes and savings. It is this strong focus on services, which
is set to grow, that makes Satispay a super network, namely the
point of reference for any immediate type of payment or money
management-related activity. Today, more than 4 million consumers
use Satispay in more than 300,000 merchants, including small stores
but also large retailers such as Autogrill, Benetton, Boggi,
Carrefour, Decathlon, Eataly, Trenitalia and Trenord, across
France, Luxembourg and Italy. Satispay offers users a simple,
immediate and secure payment experience, and merchants a
transparent and advantageous pricing model, with no activation fees
or monthly fees, which only charges a fixed fee of 20 cents for
payments over €10. With headquarters in Milan, the company now
employs more than 550 people and aims to become Europe’s payment
super network.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s customers include Volkswagen,
Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as
defined in the Private Securities Litigation Reform Act of 1995.
These statements involve risks, uncertainties, and other factors
that may cause actual results to differ materially from the
information expressed or implied by these forward-looking
statements and may not be indicative of future results.
Forward-looking statements in this press release include, but are
not limited to, statements regarding Satispay’s plans to transition
the application to production, the expected usage of the
application by Satispay’s internal teams, and the potential impact
of the application once in production. These forward-looking
statements are subject to a number of risks and uncertainties,
including, among others, various factors beyond management’s
control, including the timing of Satispay’s transition of the
application into production, the usage of the application by
Satispay’s internal teams, and the continued positive impact of the
application once in production; general economic conditions and
other risks; our ability to expand our customer base and the
customer adoption of our solutions; risks within D-Wave’s industry,
including anticipated trends, growth rates, and challenges for
companies engaged in the business of quantum computing and the
markets in which they operate; the outcome of any legal proceedings
that may be instituted against us; risks related to the performance
of our business and the timing of expected business or financial
milestones; unanticipated technological or project development
challenges, including with respect to the cost and/or timing
thereof; the performance of our products; the effects of
competition on our business; the risk that we will need to raise
additional capital to execute our business plan, which may not be
available on acceptable terms or at all; the risk that we may never
achieve or sustain profitability; the risk that we are unable to
secure or protect our intellectual property; volatility in the
price of our securities; the risk that our securities will not
maintain the listing on the NYSE; and the numerous other factors
set forth in D-Wave’s Annual Report on Form 10-K for its fiscal
year ended December 31, 2022 and other filings with the Securities
and Exchange Commission. Undue reliance should not be placed on the
forward-looking statements in this press release in making an
investment decision, which are based on information available to us
on the date hereof. We undertake no duty to update this information
unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231011670176/en/
Satispay
- Pierre-Yves Deslandes - Head of Global Communications
& PR
- E-mail: pierreyves.deslandes@satispay.com / T. +39 342
6095022
- Angèlia Comunicazione Simona Vecchies
- E-mail: satispay@angelia.it / T. +39 335 1245190
D-Wave Alex Daigle media@dwavesys.com
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