mycashless provides a cashless payment solution that enables offline transactions through NFC technology and a digital wristband app, allowing event organizers to streamline payment processes without relying on internet connectivity. This system enhances revenue by reducing transaction times and providing detailed insights into attendee spending patterns, ultimately improving the overall guest experience.
Funding
Funding not disclosed
Founders
Product
Problem
Event organizers often face challenges with traditional payment methods, including long queues, difficulties in tracking revenue accurately, and reliance on internet connectivity for processing transactions. These inefficiencies can lead to lost revenue, reduced guest satisfaction, and increased operational complexity.
Solution
mycashless offers a comprehensive cashless payment and access solution designed for events and venues, leveraging NFC technology and a digital wristband app to streamline transactions both online and offline. The platform enables fast, secure payments without requiring constant internet connectivity, reducing transaction times and improving the guest experience. Event organizers gain real-time insights into attendee spending patterns and preferences through detailed reports, facilitating better decision-making and automated upselling opportunities. mycashless also provides tools for access control, ticketing, and digital token management, creating a unified ecosystem for managing events efficiently. The system integrates with existing payment processors like Stripe, allowing organizers to maintain direct control over their funds.
Target Audience
The primary target audience includes event organizers, venue operators, and food and beverage businesses looking to streamline payment processes, enhance the guest experience, and gain better insights into customer behavior.
Features
- Offline payment processing via NFC wristbands and a digital wallet app, ensuring uninterrupted transactions even without internet access
- Real-time reporting dashboard providing detailed analytics on sales, product performance, and attendee behavior
- Digital token system for distributing rewards, samples, and promotional offers with built-in accountability
- Integration with ticketing platforms for unified access control and purchase management
- Support for web-based ticketing, access codes, and promotional links
- API for connecting multiple ticketing platforms and feeding user data into external repositories
- Digital Wristband App enabling users to reload balances, upgrade access, and make purchases
- Compatibility with existing POS systems and payment gateways, including Stripe