We use two ways to give back to our responsible drivers. 1) By exchange your driving data (such as mileage, gps, speed), we obtain a 20% discount form insurance companies for you. 2) We earn up to 10% commission if you purchase insurance from the insurance companies that partner with us. We give all the discount and commission back to you – our lovely customers!
Thanks for asking this, we do make money, even after giving away a lot to you guys. We offer mobility services in the app, as a Mobility As A Service (MaaS) platform, we take transactions from there. Oh, don't forget you can use your SMiles token to purchase the mobility services, with discounts.
Yes, in order to save on your insurance policy you will need to install a device. Our GPS tracker measures the mileage of your trip to give an accurate estimation on how many SMiles reward tokens you are eligible to receive.
No, if you do not plan to purchase products from insurance companies partner with us, then you do not need to install a GPD device. You can still receive SMiles tokens by using your smart phone. However, smart phone tracking results are less accurate because of the lack of GPS device which influences your reward ratio.