NAB Launches In-App ‘Slyp Smart Receipts’ Solution
(11 December 2020 – Australia) NAB has launched its new ‘Slyp Smart Receipts’ solution through its NAB Mobile app, reducing the need for paper receipts in a first for Australia banks.
Developed in partnership with fintech Slyp, NAB customers will automatically receive itemised smart receipts from participating retailers delivered into the NAB app when they make a purchase. Slyp technology integrates directly to the merchant point-of-sale (POS) system, allowing almost real-time capture of the relevant tax receipt information. The Slyp platform then creates and matches the smart receipt to the customers bank card, sending it directly to the customers banking app within seconds post-payment. NAB will continue developing the solution with Slyp to improve the offering and release additional features in 2021. NAB customers can also continue to scan and save receipts within the NAB Mobile App from non-participating retailers.
“We often hear from customers that receipts are lost or not needed, so we think the smart receipt will make life a lot easier for them. If the customer ever needs to look back or share the receipt, it’s there inside the NAB app. Brining the feature to the NAB mobile app creates an easier and more personalised experience for customers” stated NAB Executive General Manager, Business Direct & Small Business, Ana Marinkovic.
“COVID-19 has seen retailers move more and more to contactless payments. This feature will benefit both consumers and retailers as the use of digital payments continues to rise” added Ms Marinkovic.
“We are thrilled to partner with NAB in bringing Slyp Smart Receipts to millions of customers Australia wide. Receipts are a burden for customers, create unnecessary cost for businesses and have a negative impact to our environment. The introduction of smart receipts allows businesses to offer a seamless and frictionless customer experience far beyond what we know it as today” stated Slyp CEO and Co-Founder, Paul Weingarth.
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