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    Home»Startups»Technology and Startups

    Digital Receipts Startup Insights

    ADITYABy ADITYAJune 8, 2023 Technology and Startups
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    Imagine how much paper is wasted every day in the form of billing receipts, invoices, pamphlets generated at shopping malls, ATMs, metro stations, buses and countless other locations. Not only does it have a detrimental effect on the environment in the form of deforestation, but a large number of receipts generated are also toxic.

    For instance, receipts generated from ATMs are known to be coated with toxic chemicals like BPA and BPS and studies have shown they can wreak havoc on our hormonal systems even if you just touch them.

    What if every transaction on your Visa or MasterCard was configured to send digital receipts for purchase made to your mobile apps and phones anywhere in the world. These startups are trying to do exactly that.

    Digital Receipts Startup Insights

     

    Try Flux – www.tryflux.com

    This startup directly integrates into mobile banking apps. It has partnered with Monzo to ensure you never miss your receipts again. Regular users stand to win loyalty stamps which can then be redeemed at select retailers.

    Bean – usebean.com

    Bean helps your manage your active subscriptions and bills. The average Bean user manages to save close to £ 472 every year. You can scan bank accounts to find bills that you have paid and the app will determine if you have paid the right price and suggest alternatives if it thinks you have been overcharged.

    FlexReceipts – www.flexreceipts.com

    Provides smart receipts that engage your customers. Businesses can gain valuable insights from each sale through it’s custom analytics engine. You can even include product recommendations just like Amazon.

    Digital Receipts Startup Insights

     

    Yreceipts – www.yreceipts.com

    The company’s digital receipts system is being used by more than 150 businesses all over the world. Retailers also get access to live customer data. An entrepreneur reported that he receives regular feedback on purchases made at his store from 30% of his clients through Yreceipts.

    Digital Receipts In India

    One Indian startup InReceipts.com shut shop earlier this year. There is currently no known startup focused only on digital receipts in India but it’s only a matter of time before new ones are launched.

    There are currently many money transfer companies that offer payment gateways bundled with digital receipts but none of them have made it their core offering. The space for digital receipts focused on startup is thus wide open in India.

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    ADITYA

      Aditya is a talented content writer with a passion for crafting engaging and informative content that resonates with readers. With 10 years of experience in the industry, he has honed his writing skills to produce high-quality content across a wide range of topics.

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      DISCLAIMER

      The information provided on this page is for informational purposes only. We encourage you to conduct your own research and due diligence on any entities named in this article. We are not affiliated with, endorsed by, or sponsored by any products, corporations, or their affiliates or subsidiaries. References to the mentioned apps/websites are dynamic in nature, and we shall strive to keep these updated. The numbers stated may differ from the actual numbers.

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