Premingo, which is operated by Premingo GmbH a 65% getmobile subsidiary, offers the largest range of consumer contracts currently available in a single online market place in Germany.

 

Consumers can use the www.premingo.de [1] site to access contracts for services including electricity, gas, broadband, mobile phones, pay TV, credit cards, insurance, bank accounts, memberships and magazines.

 

These types of services are traditionally sold with substantial commission payments payable to the selling agent. The Premingo business model enables the consumer to buy a contract and receive a significant proportion of the traditional selling agent commission back by choosing from a range of rewards from 14 different categories of goods including consumer electronics, watches, cameras, books, computers and other goods.

www.premingo.de [2] is structured as an online marketplace where the contract suppliers such as electricity suppliers, broadband providers, mobile phone operators, credit card firms, insurance companies and others can post their offers themselves.

 

The online marketplace makes all the deals transparent to consumers who can then select the one that is most attractive to them and they can then choose the reward package which they want.

 

With Premingo getmobile intends to leverage its e-commerce know how, in particular its contract sales and bundled products expertise. Premingo has been set up as a 65% subsidiary together with the IT company that delivered its software as a minority partner.