PlickOpen and PlickUp

Innovation introduced in 2021

Institutions that have implemented the product/service: Utility companies, Insurance companies, Consumer credit companies, travel agencies

MSMEs served: Europe

Challenges

PlickOpen and PlickUp digitize and simplify payment (e.g., massive reimbursements to clients, claims settlement) and collection processes (e.g., debt recovery, collection of payments related to wholesaling) that are often demanding in terms of costs and times. Traditional payment methods such as checks cause delays and difficulties in the accounting reconciliation of transactions. PlickOpen and PlickUp enable to cut costs and times of such processes by simplifying them: the sending of massive digital payments and payment requests together with the automatic reconciliation of transactions help the Corporate on one side, the simple and personalized UX without any App or registration ease the experience of the end user on the other side. Both services work in an open circuit, enabling to reach anyone in the world regardless of their Bank.

Primary target

Which group does your product/service primarily target?
Payments SMEs

Description of Innovation

PlickOpen is a service that allows any Corporate to send a payment from any treasury bank to anyone in Europe, without IBAN, via WhatsApp, SMS or e-mail, that the beneficiary can accept without downloading any app or registering to new services. The Corporate can create a simple and direct relationship with end users though additional services such as, for example, sending shopping vouchers or attachments, adding security codes or checkboxes. The service comes with real-time reporting to simplify the accounting reconciliation of transactions. PlickUp is a service that allows any Corporate to send payment requests to anyone in the world via WhatsApp, SMS, or e-mail, which the payer can easily and immediately complete with alternative payment methods (e.g., card, bank transfer, digital wallet, cash, ...) without downloading any app or registering to new services. As for PlickOpen, the UX is fully customizable with the logo, texts of notifications, layout and colors of the Corporate, and the reconciliation of transactions is automatic. Sending of digital payment requests to anyone in the world via WhatsApp, SMS, or e-mail, which the payer can complete with alternative payment methods.
Sending of digital payment requests to anyone in the world via WhatsApp, SMS, or e-mail, which the payer can complete with alternative payment methods.

Results

N. A.