nir-vana innovation network

This UK SME is a disruptive digital receipting software company based in South Wales and has been operating in the IT industry since 2014. The core team is made up of experienced software professionals and experts in digital receipting for consumer/retail environments.

The offering client has developed a centralised digital receipting platform and mobile application which uses Bluetooth and near-field communication (NFC) to transmit contactless e-receipts to customers in real-time. The app is free of charge to download and retains all digital receipts and warranties on a handheld device.

The software offers retailers and customers a set of features such as:
• Proof of purchase/payment with line level transactional data.
• Integration with eCommerce and electronic point-of-sale (EPOS) suppliers.
• Integration with mobile payment providers and payment terminals.
• Data insights into customer buying behaviours.
• Targeted promotions and location-based offers via mobile app.

The client offers the proprietary platform to eCommerce/electronic point-of-sale (ePOS) suppliers and merchant service providers in preferably English-speaking countries across the Network under licensing and distribution services agreements.

Licensing and distributing the software to such partners will enable the platform and app to provide proof of payment, purchase, and digital warranty to both retailers and customers. Quick and simple integration of the software would allow ePOS and merchant service providers to work immediately with the product and efficiently license out to local retailers.

The client also offers a revenue share model to all partners – ensuring all parties involved benefit from utilising the innovative platform.

Such partner types are chosen to give the client quick access to international retail markets and give all parties the opportunity to increase market presence. The offering client aims to become the global market leader in digital receipting and become as prominent as existing leaders, like Visa, as a result of international partnership.

Advantages & innovations

This digital receipting platform: • Provides native mobile applications on iOS / Android devices the ability to integrate point-of-sale and payment terminals using Bluetooth or near-field communication (NFC) protocols. • Is free to download and use. • Retains all digital receipts and warranties on a handheld device. • Provides a standardised set of Restful Application Programming Interfaces (APIs) and Simple Objects Access Protocol (SOAP) • Enables headless implementation for partners wishing to use a personal frontend. Backend solution is hosted on cloud security with the ability to support data localisation requirements. The client can also provide a retailer app which can be installed on merchant tablet devices to communicate with the consumer app. The current customer receipting offerings are either paper or email/text based. Printed paper receipts pose challenges associated with waste, risk of COVID-19 transmission, and loss/damage of receipt. Email/text receipts require customers to reveal private information in public settings which pose security risks, increased likelihood of miscommunication and delivery failures whilst, proving very time-consuming. This digital receipting solution: • Utilises Bluetooth and NFC methods to send customer’s receipts and digital warranties in a quick and contactless way. • Eliminates the time and resources associated with creating paper and email/text receipts and provides a sustainable, COVID-19 friendly alternative to existing market offerings. • Can be translated into additional languages to suit the partner’s market. The offering client is also the only provider to use Bluetooth & NFC methods for fast digital receipting where customers are not required to share personal details. Additional retailer benefits include sending real-time offers, targeted promotions, and in-app notifications to customers in close proximity to the store whilst adhering to GDPR guidelines.

Stage of development

Already on the market

Partner sought

The offering client aims to partner with eCommerce / electronic point-of-sale (ePOS) suppliers and merchant service providers of any size from countries across the Network under licensing and distribution agreements. Partners would be required to undertake quick and simple integration of the platform to allow for immediate use and licensing out of the digital receipting solution. Ideal partners will be legacy ePOS providers, tablet based or integrated ePOS/payment providers, and eCommerce channels for digital receipt management. Partners should have strong English-speaking capabilities and reside in an English-speaking country / market where English is predominantly used in retail environments. Whilst English-speaking countries are preferred, the client is open to all countries as the software can be translated to suit the market’s language requirements.