Abstract: The present invention discloses a system and method for promotional marketing for a group of persons. The system includes an advertiser registration device, an advertiser validation device, a payment facilitation device, a deal creation device, a deal repository device, a matching device, a deal delivery device, a token redemption device and a tracking device The method includes the steps of facilitating the advertisers to create deals for the services by including advertisements, selecting channels for promotion, and setting demographic and geographic preferences, matching the deal preferences and the preferences of the users for effective promotion, delivering the deals to the users after matching the deal preferences and the user preferences using selected channels, enabling users to pay for the services in a cashless manner using tokens, and tracking the deals between users and advertisers.