1receipt® is a novel platform for substituting paper receipts and issuing, storing, retrieving and managing digital receipts through smartphone app. Using 1receipt® platform shoppers can easily and safely receive their digital shopping receipts by scanning an exclusive barcode on their phone at checkout point. The most important thing: unlike other existing digital receipts, 1receipt shoppers do not need to reveal any personal information (email, phone number, ...) to the retailers. This platform solves multiple issues facing society these days: - Million dollars for issuing paper receipts (for example: $350M annual cost of paper receipts only for ten major retailers in Australia). Papers which go to bin ultimately. - Over 9,000,000 trees cut every year only for producing paper receipts. - Personal data sharing risk on Email / SMS receipts. - Serious health issue by touching paper receipts - which has been proved that can cause cancer in human body.
Shahryar Faraji is an RMIT graduate and founder of fintech start-up 1receipt®. Shahryar came up with 1receipt® after seeing people exiting shops or department stores while they are throwing away large pieces of white papers (shopping receipts) into the nearest bin inspired me to do a half- year-long research to find a solution to prevent wasting such a valuable resource as well as reducing retailers’ cost for issuing paper receipts and making shoppers’ life even easier for storing/retrieving their shopping receipts without revealing their personal information. Also in Australia we have to keep our receipts for at least 5 years for GST calculation and other tax purposes – a task which looks practically impossible due to the maximum one-year life span of the thermal paper receipts.
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