RBC uses VR to promote reward redemption

Royal Bank of Canada is providing a virtual reality "try before you buy" experience for its RBC Rewards customers.

Consumers can now virtually try a product or experience before purchasing it with their loyalty points. The aim is to show customers the benefits of certain offers in a tangible way to help their decision making.

"As we evolve VR, you can imagine redeeming RBC reward points directly within the VR experience, providing a seamless journey from try to buy,” Jacquelina Calisto, vice-president of loyalty and rewards, said in a Dec. 20 news release.

google cardboard
An attendee tries a Google Inc. Cardboard virtual reality headset at the Tokyo Game Show 2015 at Makuhari Messe in Chiba, Japan, on Thursday, Sept. 17, 2015. There will be record attendance at this year's show with 473 vendors, including more than half from abroad, as of Sept. 1, according to organizers. Photographer: Tomohiro Ohsumi/Bloomberg
Tomohiro Ohsumi/Bloomberg

Customers can access the virtual experiences – being on a beach, luxury golf course or in a dream kitchen, for example – by visiting the bank’s Avion Holiday Boutiques or using Google Cardboard virtual reality headsets inside certain RBC branches.

Once in the experience, customers can select something from a “carousel of related products” which 'floats' to the customer and provides a 360-degree view.

"In a world that is changing so rapidly, it is important that we continue to innovate and test new technologies to stay relevant to clients," Sean Amato-Gauci, executive vice-president of digital, payments and cards, said in the release. "We see a future where virtual and augmented realities will impact the way people make purchases, from everyday shopping to buying a home."

For reprint and licensing requests for this article, click here.
Loyalty and rewards Mobile technology RBC Canada
MORE FROM AMERICAN BANKER