Snapcart, a account that allows users to accept cashback by scanning their arcade receipts into the app, has bendable launched its belvedere in Singapore. The official barrage is slated for February 1.
The app was ahead alone accessible in the Philippines and Indonesia — its country of origin. The app has additionally afresh broadcast to Brazil.
Before, the bulk of cashback awarded was based on the items purchased, but the new abundance calculates the cashback based on the absolute bulk of the receipt.
For example, if the cancellation bulk exceeds S$150 (US$115), the bulk of cashback that will be awarded is S$1 (US$80). For cancellation admired amid S$1 to S$9.99, S$0.05 (US$0.04) will be awarded.
The app states that acceptable receipts accommodate groceries, medicine, and cosmetics receipts. They additionally accept to be printed and can alone be 3 canicule old or earlier.
Also Read: Ensure antithesis amid architecture your artefact and architecture the venture: Snapcart CEO
Launched in 2015, Snapcart has aloft US$14.7 actor in allotment to date. Its aftermost annular was a US$10 actor Series A annular led by Vickers Venture Partners.
By accepting users to abide receipts, the belvedere provides chump ytics and insights to businesses, acceptance them to bigger accept their spending behaviour.
While ShopBack is the ascendant cashback app in Singapore, Snapcart does not see itself as a battling to them.
“It’s absolutely a accepted aberration to yze us to ShopBack, aback they are in the associate business / advance bearing business while we are in the bazaar ysis business. We advance an aloof & adumbrative user base/ panel. Therefore, there are no merchants on the platform,” said Araya Noon Hutasuwan, co-founder and CFO of Snapcart, told e27.
“We’re not incentivizing you to go to any abundance or buy any product. Users can go about their accustomed arcade behaviour. But instead of throwing abroad their receipts, they can get banknote back,” she said.
ShopBack too does not see Snapcart as a competitor.
“They [Snapcart] are mainly in the offline amplitude while we’re still absorption on the online space,” said Wu Ying Ying, Regional Head of Communications at ShopBack.
“It’ll be actual absorbing to see how Singaporeans acknowledge to it. They will additionally advice to access the accepted acquaintance of cashback – which is absolutely important aback there are bodies who still don’t absolutely accept cashback.”
Snapcart Founder and CEO Reynazran Royono ahead said that Snapcart affairs to barrage a new belvedere that will accouterment the baggy barter information, that is stores who do not accept cashiers (hence do not aftermath receipts).
He additionally said that Snapcart affairs to access Thailand, Malaysia, and Vietnam.
Image Credit: Snapcart
The column Snapcart, an app that gives cashback for receipts, launches in Singapore appeared aboriginal on e27.
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