The first team chose the topic of digital receipts and invoices. Their challenge was to replace paper receipts with electronic ones while complying with current legislation and maximizing user comfort for both merchants and customers. The team had to deal with several challenges, such as monetizing the solution, motivating customers and merchants to use it, and even designing ways to handle product returns. The proposed new application called E-receipt should be beneficial for all parties involved while minimizing the costs of physical receipts. Whether this idea will be implemented or not remains to be seen, but we are confident that a breakthrough revolution is coming for paper receipts!
The second group of hackathonists focused on a topic in which Greyson is slightly more familiar. Their task was to create a new innovative payment method. The main challenges were to differentiate themselves from the competition and create greater value for customers than giants such as Apple or Google offer. They named their solution GREYTPAY and built it on the principle of instant payments without the need for the merchant to own a POS payment terminal.