Tuesday, April 23, 2024

Slyp to ‘eradicate’ paper receipts

Slyp is an Australian fintech on a mission to rid the world of paper receipts.

Today, the company has announced national partnerships with several fashion retailers including Scotch & Soda, Converse, Hurley and Peter Sheppard.

The partnerships will see all the retailers switch off paper receipt printing – unless requested – for in-store purchases across a combined 42 stores. Instead, Slyp Smart Receipts will be available to customers instantly via their banking app.

NAB is the first bank to deploy the feature to its app users. Other major banks are said to also be in the process of integrating the Slyp technology. For the meantime, non-NAB cardholders can receive the Slyp Smart Receipts via SMS.

The newly announced retail partners join over 60 other merchants Australia-wide in offering Slyp’s fully itemised Smart Receipts. Other merchants include Veronika Maine, Cue, Purebaby and Chemist Warehouse.

Slyp co-founder and CEO Paul Weingarth says his company is on a mission to eradicate paper receipts.

“First, we saw single-use plastics go, and with the recent pledge by 100 countries to end and reverse deforestation by 2030, it’s time to do away with paper receipts,” he says.

“Bricks-and-mortar retailers are emerging from what has been another incredibly tough year. As we leave lockdowns behind and borders reopen, contactless has become the ‘new normal’ and customers are seeking retail environments that continue to keep them safe.

“By partnering with Slyp, retailers can eliminate contact from the transaction experience while limiting the production of unnecessary paper waste.”

With further retail partnerships and additional bank integrations in the works, Slyp says it’s planning to be in the hands of one-in-two Australians within the next 12 months. In doing so, Slyp claims that it could become the single biggest customer network in Australia.

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