News

CBA taps into digital receipt app from Australian fintech provider Slyp

Monday 11 May 2020 10:04 CET | News

Commonwealth Bank has teamed up with Australian fintech provider Slyp to allow customers to automatically receive an itemised digital receipt in their banking app.

This happens anytime when they pay with their card or digital wallet at participating retailers. Slyp’s digital receipt application can be embedded into existing banking apps. This means that, once integrated, CBA will feature digital receipts in the CommBank app.

Slyp directly integrates the receipt information from the merchant’s point of sale system, matching it to the customer’s card and displaying it inside their banking app. Additionally, this new technology comes at an opportune time with the increased focus on hygiene, which has seen retailers accelerate the move towards cashless payments in their outlets.

With CBA’s investment, all four of the major Australian banks have a minority equity stake in Slyp.
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Keywords: Commonwealth Bank, banking, Open Banking, fintech, digital receipt, Australia, Slyp, mobile banking
Categories: Banking & Fintech | Payments General
Countries: Australia
This article is part of category

Banking & Fintech