Pi-xcels is an NFC-enabled platform that allows merchants to issue paperless, interactive e-receipts in stores, with a simple tap of a smartphone. It also captures real-time data, providing detailed transaction insights.
Problem
- Data collection challenges: Retailers and payment providers struggle collecting offline consumer data due to inefficiencies in current payment methods and loyalty systems.
- Integration issues: Problems include manual data transfer into loyalty systems, difficulties in integrating diverse POS systems, and low transaction capture rates.
- Low e-receipt adoption: Privacy concerns and the hassle of app downloads hinder the widespread adoption of e-receipts for both retailers and consumers.
Solution
- Seamless integration: Pi-xcels’ software can be easily integrated into any POS device, allowing merchants to issue paperless, interactive e-receipts with a single contactless tap of a smartphone.
- Real-time data insights: The platform extracts detailed payment data in real-time, providing merchants and payment providers with valuable transaction insights that they would otherwise struggle to collect.
- Enhanced retail analytics: By leveraging receipt data, Pi-xcels transforms offline retail, offering shopper-centric analytics comparable to those available for online transactions, ultimately enhancing consumer insights.
Media Links
Type
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
1M to 5M
Operational HQ
Singapore
Sector
Professional, Scientific & Technical Services
status
Current
founders
Daniel Lim, Yi Hao Tan
partnered
2022
exited
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