Monday, 11 May 2020 10:36

CommBank to offer itemised digital receipts through Slyp

By
CBA's Angus Sullivan and Slyp's Paul Weingarth. CBA's Angus Sullivan and Slyp's Paul Weingarth. Supplied

The Commonwealth Bank will provide itemised digital receipts through its app, following a deal with fintech provider Slyp. The receipts will be generated for card or digital wallet payments at participating retailers.

A statement from CBA on Monday said Slyp's digital receipt application could be embedded into existing banking apps. This would make it easier to manage returns, warranties and financial management.

All the four big Australian banks now have a minority stake in Slyp, following the CBA arrangement, a first for the industry.

CBA's group executive Retail Banking Services, Angus Sullivan, said: “We are thrilled to partner with the team at Slyp. Their technology provides an intuitive solution to an everyday problem for our seven million digitally active customers.

“The partnership is also an example of the bank’s goal of leading in technology. Integrating Slyp into our core digital channels, we're continuing our journey to build smarter banking experiences our customers will love.”

Slyp co-founder and chief executive Paul Weingarth said: "This latest partnership with CommBank is a major breakthrough for the Slyp network. To deliver a truly ubiquitous industry standard of digital receipts, we knew early on that we would need to partner with the banks.

"Now, with their backing we are in a strong position to push towards eliminating paper receipts and provide retailers and banks with a new way to delight and engage their customers post-payment.”


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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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