Sionic Mobile and Payscout, a privately-held global payment processor, have announced a strategic alliance to provide an enhanced mobile payment and loyalty product to help merchants more effectively engage millions of consumers nationwide through their favorite mobile app.

Sionic Mobile's Ion Commerce Engine and Mobile Rewards Marketplace will supplement Payscout's payment products, including Virtual Reality Commerce, as part of the partnership. 

The companies did not reveal when this product will be available to merchants.

"Through the Sionic Mobile partner alliance, merchants will be able to quickly and easily deploy a sophisticated mobile strategy," Payscout Co-Founder and President Manpreet Singh said in the release. "Building consumer loyalty in today's increasingly competitive market is crucial to the future success of merchants. The Marketplace not only enables the convenience of mobile payments, but also delivers an exceptional end-user experience that attracts new customers, while encouraging repeat business."