Digital receipts fintech Slyp-s into the market
Australian start-up Slyp is out to digitise cash receipts, with a particular focus on user experience for merchants and their customers.
The start-up sets up a link between the payment card used to pay for purchases and the consumer’s account, similar to what loyalty programmes have been offering.
As soon as it identifies a card corresponding to a user registered in its programme, it reproduces the receipt of the purchases and, instead of printing it, it transforms it into a “smart receipt” version, which is sent to the customer’s app.
It is possible to associate specific items their corresponding detailed information about warranties, return conditions, suggestions for additional accessories.
Slyp says that, for merchants, the deal breaker in the adoption of solutions of this type has been the ease of implementation.
NAB and Westpac both invested in Slyp last month, which raised a total of $2 million in a seed funding round.
