Slyp accelerates mission to end paper receipts with NAB and Chemist Warehouse
Slyp, the Australian fintech transforming the world of receipts and driving change across the retail sector, has announced a national partnership with Australia’s largest pharmacy group, Chemist Warehouse and National Australia Bank.
The partnership will see Chemist Warehouse offer digital receipts by request for in-store purchases across all of its 460+ stores. Instead, the company will offer fully-itemised smart receipts delivered directly to the mobile devices of Chemist Warehouse customers, powered by Slyp technology.
Slyp soft launched its revolutionary technology platform in December 2020 by teaming up with NAB, and has continued to grow its user base organically, with a full consumer launch including receipt notifications, export tools and further features expected in the next few months.
Since launch, over 120k users have signed up to start receiving smart receipts in the NAB app from over 20 major retailers nationwide including General Pants Co, Harris Farm, Cue and now Chemist Warehouse.
Chemist Warehouse prints 2.2 million paper receipts across Australia every week, a figure that will only increase as its stores, product range and customers continue to grow. The switch to smart receipts follows the recent integration of e-prescriptions within stores and is the next step in the company’s digitisation strategy.
Founded in 2017 by ex-PayPal executives, Paul Weingarth, Spiro Rokos and Mike Boyd, Slyp is revolutionising receipts and leading the charge on the switch from paper receipts to smart receipts, delivering the digital alternative seamlessly inside the banking app.
The first of its kind in Australia, Slyp’s momentum has been accelerated by strategic partnerships with key Australian companies including investment from all four major Australian banks. NAB was the first to market with the technology, and is currently exclusively offering smart receipts to its customers directly in the NAB mobile app.
With further integrations currently in the works with other major and regional Australian banks, as well as Buy Now Pay Later providers, Slyp is planning to be in the hands of one in two Australians within the next 12 months, with the goal of reducing Australia’s consumption of paper receipts drastically over the coming years. This could see Slyp become the single biggest customer network in Australia.
Co-Founder and CEO of Slyp, Paul Weingarth said, “We’re on a mission to eradicate paper receipts from the retail sector and make sure that by this time next year – whether through their banking app, in-store or via their BNPL provider – one in two Australians have access to the smart receipt experience.
“The retail sector has been calling for a smart alternative for years and the uptake we’ve seen in recent months tells us that both merchants and their customers firmly agree. For Chemist Warehouse customers, the delivery of smart receipts via SMS or through their bank app will provide an environmentally friendly, digital record of their purchase.
“With the backing of NAB, further support and integration with other major banks, and by partnering with leading retailers like Chemist Warehouse, we’re on a path to transform the Australian retail sector, streamline the payments process and bring retailers closer to their customers while saving our environment from unnecessary destruction”.