klipit launches the world’s first eco-friendly, blockchain-based paperless receipt app in the UAE


January 26, 2024 | By RetailME Bureau

In a landmark development during the UAE’s Year of Sustainability, klipit unveils its blockchain-based paperless receipt application, a transformative tool for the retail and service sectors. This innovative platform, launched in UAE, aims to redefine commerce with its efficient, eco-friendly approach to transaction management. Addressing the pressing need for digital solutions – with 76% of GCC consumers showing a preference for digital receipts, according to klipit’s survey – this launch marks a significant step towards sustainable business practices. Klipit’s initiative not only meets the immediate needs of today’s market but also aligns with the broader environmental goals of the region, heralding a new era in retail operations where technology meets sustainability.

klipit is set to transform retail commerce by introducing a digital receipts system that promises enhanced efficiency and a reduced carbon footprint. The platform’s anticipation is grounded in a market ripe for innovation—statistics show that 76% of people in the GCC were in favor of digital receipts solutions, with significant interest echoed throughout the GCC. klipit’s launch is strategically timed to meet this surge, offering businesses a customer-focused, sustainable alternative to traditional paper-based systems.

With a staggering 95% of paper receipts discarded within days, klipit is the perfect response to the urgent need for environmental stewardship in business practices. Its digital platform resonates with the 70% of Gulf consumers surveyed who increasingly advocate for eco-friendly brands, presenting an opportunity for businesses to innovate sustainably. klipit was holistically designed to empower companies to capture this growth potential, delivering a secure and sustainable service that streamlines the customer experience and transaction management.

“klipit is more than a response to the market’s call for digital transformation; we’re delivering a comprehensive solution to lead it,” says Mr. Venkat Reddy, CEO of klipit. “In the UAE’s Year of Sustainability, we’re proud to align with the nation’s vision by crafting a platform that combines efficiency with a commitment to sustainability. klipit doesn’t simply change how transactions are recorded; we’re elevating them into opportunities for enhanced customer engagement, growth, and eco-friendly leadership.”

klipit extends an invitation to both businesses and consumers to explore its digital receipts vault, a versatile solution aimed at bridging the gap towards achieving comprehensive, eco-friendly goals for a sustainable future. As klipit prepares for a broad launch, we motivate not only forward-thinking retailers but also environmentally-conscious consumers to delve into the platform’s diverse benefits and its potential for long-term value in both the commercial and personal spheres.

Designed as a retail application to revolutionize the retail experience through a suite of comprehensive features, the app provides Secure Digital Receipt Management, effectively streamlining the storage and access of receipts, thereby enhancing organizational efficiency. A critical aspect of klipit is its robust Data Security, utilizing blockchain technology to ensure unparalleled protection of transactional data. This is complemented by Business Analytics functionality, which offers valuable insights to help businesses optimize their operations and make data-driven decisions. Additionally, the app boasts a User-friendly Interface, meticulously crafted to simplify transaction processes for both customers and businesses. This combination of features in the klipit app positions it as an essential tool for modern retail, marrying convenience with cutting-edge technology.

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