In a world of 24/7 digital experiences, sport needs to move beyond the sound of the final whistle. Winning teams are looking to a new breed of super-apps that blend payments and fan engagement to deliver the type of continuous content delivery their fans expect.
Sport thrives on passionate fans. In the digital age, fan fervor isn’t just reserved for game day though – fans want a 360-degree team experience anytime, anywhere.
Sports teams have emerged as ‘brands’ over the past few decades but must now transition into content creator roles to maintain the fan loyalty that’s required to drive their million- (and billion) dollar business models.
Emerging as the ultimate solution for sports teams seeking to revolutionize fan engagement is the super-app. Taking the fan app one step further, super-apps connect media, marketing and loyalty with payments. The result in an all-in-one platform that delivers the type of immersive, content-rich and personalized customer experience fans want, as well as a unique and unparalleled solution for teams that drives engagement metrics, generates secure recurring income, and build valuable customer insights.
Why Elite Fan Engagement Pays
Consumers who have an emotional connection with a brand have a 306% higher lifetime value than those who are only satisfied.
The future of fan engagement isn't merely about producing more content. It's about building a two-way community where fans feel just as connected to the team as the players on the field, court, track, or pitch.
The new breed of super-apps are designed to do just that, acting as a digital passport that grants fans access to an elite fan club. Crucially, they redefine fan loyalty by offering teams the ability to turn casual followers into devoted fans through exclusive content and experiences.
Accessing behind-the-scenes footage, as well as content, benefits, and deals personalized to them based on their interests and spending habits drives engagement and builds a lasting connection, keeping fans invested not only during live events but across the entire sports calendar.
The Qorbis fan app uniquely blends a payment card with a content-rich app, leveraging team and player assets to unlock a deeper level of interaction with fans that results in a higher level of fan spending and with it, a wealth of user data.
Fans who describe themselves as “fanatics” spend 6 times more annually than casual fans.
Monetizing Fandom
According to 2023 study that surveyed 289 sports industry professionals to understand the importance of fan engagement, growing revenue or income is the most common overarching fan engagement goal.
Merchandise sales can only go so far in reaching this goal. In a digital world, such a challenge needs a digital solution.
At the core of Qorbis’ fan app offering is a seamless integration of digital banking tools, allowing fans to make in-app purchases, buy merchandise, subscribe to premium content, or make purchases with partner brands. With branded payment cards tied directly to the fan club, sports teams can generate consistent, secure income from their most loyal supporters. This direct payment mechanism enhances the fan experience while giving teams a steady revenue stream beyond traditional ticket or merchandise sales.
Data-Driven Engagement
A fan's digital footprints — their data — hold the key to being deeply engaged. Sports organizations can leverage everything from purchasing patterns to in-game interactions to heighten a fan’s experience and keep them coming back for more.
Those in the business of sports may even say – forget the players, fan data is a team’s most valuable asset. This data, which includes metrics like viewership, attendance, merchandise sales, and social media interaction, allows teams to gain deep insights into fan behaviors and preferences. With this understanding, they can personalize experiences and build stronger connections with their audience. Data-driven interactions provide fans with greater value by enhancing convenience, encouraging participation, and boosting overall enjoyment. As fans experience more value, they become more willing to share their data, further enriching these personalized experiences.
Every fan interaction within the Qorbis fan app provides invaluable data. By analyzing fan behaviors—such as spending patterns, content preferences, and app usage—sports teams can create personalized fan experiences and tailor marketing campaigns with unmatched precision. This data-driven approach empowers organizations to target fans with promotions and offers most likely to resonate, maximizing revenue opportunities while enhancing fan satisfaction.
A Holistic Fan Experience
More than 60 percent of fans say that having a great “year-round experience” would make them more likely to be more engaged with the team in the coming season.
Qorbis elevates fan engagement beyond one-off interactions, creating a holistic fan experience that is both interactive and deeply immersive. The app and payment card work hand-in-hand to offer a 24/7 fan experience. Whether it’s accessing exclusive content, interacting with teams and players, or using branded payment solutions, fans are treated to an all-encompassing journey. Meanwhile, sports teams benefit from the cross-platform marketing opportunities and data insights that Qorbis offers, enhancing both fan loyalty and business decision-making.
The Future of Fan Engagement
As digital technologies continue to reshape the sports industry, Qorbis stands at the forefront of innovation. Its ability to combine smart banking with rich, team-centric content offers sports organizations a pathway to deeper fan relationships, secure income, and actionable data insights. The fan app Qorbis is more than just a fan engagement tool—it is the future of how sports teams will connect, engage, and monetize their global fanbase.
Qorbis provides the ultimate solution for sports teams looking to meet the evolving demands of their fans. By delivering personalized, data-rich, and secure fan experiences, Qorbis ensures that teams are not just keeping pace with the digital age, but leading the way.
Talk to us today to see how we can deliver your team's ultimate app.
Want to unlock a new level of fan engagement and drive continuous revenue growth? Plugging powerful financial features straight into their ecosystem is a winning solution for forward-thinking sports teams.
The collective gasp of millions of people at a close call. The unification of a triumphant win - or a devastating loss. There’s nothing quite like the emotional connection between sports teams and their fans. It’s a love affair deeply entrenched into America’s national culture - and with it comes serious brand power.
The average NBA team has 17.65 million fans on social media, with the LA Lakers boasting a whopping 60.3 million followers. Major League Baseball is just that, with an estimated 171 million fans following every pitch, home fun, and foul ball annually.
While traditionally, sports brands relied on fan attendance to drive their profits, digital transformation has meant that sports is now delivered to and consumed by a much wider audience, both on and off the field (or pitch!). This offers brands the chance to unlock new ways to engage and monetize their fan base.
Sports and finance might be the most obvious pairings, but in the new age of digital fan engagement, it pays off. There’s no need to go it alone though - embedded finance delivered by a fintech partner is fast becoming the go-to solution for teams looking not only to create a next-level experience for their fans but to increase engagement, create new revenue streams, and generate a wealth of actional user data.
“Embedded finance solutions like those offered by Qorbis enhance brand loyalty through promotional power, delivering simple, smart, and secure financial services alongside bespoke reward and loyalty programs."
“This is a game-changer, redefining the relationship between sport and finance, providing major brands with the tools they need to transform cost centers into revenue streams and deepen engagement with their fan bases.”
Stephen Williams, CEO of Qorbis, a leader in the integration of embedded finance solutions.
Embedded finance: The flywheel effect
Imagine the insights gained from knowing your fans’ shopping habits, from spend frequency to category. Embedded finance powered by a Banking as a Service (BaaS) model enables just that, with benefits to both brands and end-users.
By engaging a partner with an API-based, cloud-native platform and licensed financial services, brands can build the banking services they want, brand it as their own, and roll it out securely and seamlessly to users both internally and externally. The result is staff and fans using team-branded digital banking and financial products with all the compliance of a traditional bank but with far more convenience and appeal to today’s digitally-savvy users.
The financial products not only generate revenue in and of themselves, but as a result, fans spend more on the brand’s products and services than they had before obtaining the financial product. It’s the ultimate brand flywheel effect, and in a climate where the battle for customer attention has never been more hotly contested, it’s fast becoming a cornerstone of success. Brands know that loyalty counts - and sports brands, with their hoards of committed, win-or-lose fans, are better positioned than most to make this loyalty count in their favor.
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How brands are using embedded finance to boost their business
“Brand identity is a major facet of sports such as the NBA or MBA because of the trust fans place in teams. Platforms like Qorbis empower the sports industry to extend the brand experience beyond the field or the court into fans' everyday lives,” says WIlliams. “Doing so has significant commercial benefits but also creates a huge wealth of user data that can be leveraged to better inform decision-making and more.”
Brand Loyalty: the ultimate goalscorer
Brands are about 70% more likely to sell to a previous customer than a new one, and existing customers usually spend more. So whether a fan is purchasing game day tickets, an access pass to watch the game online, or a hat emblazoned with their favorite team’s logo, the chances are they’ll also buy something else from their beloved team, too. Including financial products.
More than half of 25-34-year-olds believe using financial products from their favorite brands is more convenient than banking with a traditional retail bank.
52% of 25-34 year olds feel brands offer financial products better tailored to their specific needs when compared to traditional institutions.
In further good news for brands looking to monetize their fan bases, among consumers who already get a financial product from a non-financial brand, a third said the product caused them to spend more money with the brand, three in 10 said they now choose the brand over its competitors more often, and a little more than a quarter feel more loyal to the brand.
It’s clear that fans are open to a financial product delivered to them seamlessly by their favorite baseball team, for example, in much the same way that Uber seamlessly charges their ride to the game. This is good news for fans as well as brands - here’s why.
Convenience
By integrating financial services directly into a user's preferred platform or application - a team app, for instance, the customer experience is streamlined, with financial services there as and when they’re needed. This eliminates the need for customers to visit multiple platforms or applications to access financial services. Customers want the ease of accessing and managing their finances within their existing ecosystem - essentially: less friction, more loyalty.
Personalization
Embedded finance solutions leverage customer data and insights from the platform to offer personalized financial products and services. By understanding user behavior, preferences, and financial needs, these solutions can provide tailored recommendations, customized offers, and relevant financial solutions This personalization creates a deeper connection between fans and their preferred teams, increases engagement, and fosters loyalty.
Enhanced Value Proposition
Brands that integrate financial services into their ecosystem provide an expanded value proposition to users, giving fans a 360-degree experience. By integrating financial services, they can offer additional benefits such as competitive FX rates or exclusive deals and discounts. These value-added benefits increase customer satisfaction and loyalty, as customers perceive the platform as a comprehensive solution that meets multiple needs and offers bonus perks.
Boosted Engagement and Interactions
Embedded finance solutions enable brands to engage customers more actively in their financial activities. Through features like real-time notifications, financial management tools, or budgeting assistance, customers are encouraged to be more involved in their financial decisions. The increased engagement and positive interactions create a sense of ownership and loyalty towards the platform.
New Revenue Opportunities
By using a platform provider to embed financial products and services into their brand’s ecosystem - such as charge cards bearing their logo - teams can create branded digital revenue streams by sharing income from fan purchases. This in turn drives the flywheel, creating value for fans via the customer data generated, allowing for a more tailored and personalized experience, and a higher average spend, providing further commercial opportunities for brands.
Actionable Data Insights
For brands, the prize goes beyond winning or retaining customers — BaaS-driven embedded finance brings a mountain of usable data to drive future products and services that build sustained growth and allow for more predictable decision-making.
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Using data analytics to enhance customer relationships and revenue
“Having financial functions integrated with [brand ecosystems] enables new functionality, leveraging the persistent connection to move beyond transactions to relationships. These relationships are data-rich, which leads to smarter cross-sell, pre-qualification, and risk reduction. The monetization opportunities are not only large but actually meaningfully larger than the original opportunity.”
Matt Harris of Bain Capital Ventures
Fintech: Enabling a Complete Brand Experience
Embedded finance can bring sports brands to life and unlock a range of commercial opportunities. From cross-selling to new revenue streams, targeted upselling increased brand loyalty, and merchandise sales, your fan base can be effectively monetized to the benefit of both said fans and their team.
Partnering with a platform provider allows brands to choose the right tools in which to best meet their goals - whether that’s frictionless payment methods, innovative loyalty programs, or transactional insights that give visibility of the entire fan journey.