We want to make payments using a phone simple both when shopping and when handing money to a friend. Using our app you can transfer money to your friends for free ... the only requirement is that your friends register as well (which is easy, fast and free as well). Money to keep the service running comes from shops when using the app to pay there which will be low cost compared to what credit card companies offer.
We need the funds for getting the service up and running and final adjustments. We have already developed the app with our own funds, but moving on is too expensive for us alone.
- Send and recieve up to €2,000 to every day (does not include transactions in shops)
- Choose between your accounts every time you send money
- It is safe to use! All Swipp Pay transfers are encrypted and verified by you
- No need for carrying or even owning plastic card or cash as you probably always carry your phone anyway
- (Cross-border/currency) ... you will be able to transfer to ALL your friends as long as they live in a EU/SEPA country!
Risks and challenges
As the system is already developed and we have deals in place, the
primary challenge we will face is to make shops to offer their customers
this payment option.
To overcome this we will make it risk free for them to use it ... there is no registration fee for shops either as we want even smaller businesses to be able to afford it.