Facilitate quick and hassle-free transactions for event attendees, eliminating the need for physical cash.
Ensure a secure and encrypted payment environment, reducing the risk of theft or loss associated with traditional cash transactions.
Provide a user-friendly platform for attendees to manage their accounts, view transaction history, and easily top up funds.
Offer event organizers real-time monitoring capabilities to track and analyze transactions, enabling better financial control.
Streamline the entry process by minimizing queues at ticket counters and food stalls, enhancing overall attendee experience.
Support multiple payment methods, including credit/debit cards, mobile wallets, and other digital payment solutions, catering to diverse attendee preferences.
Allow event organizers to create customized packages or offers, encouraging more significant participation and spending during the event.
Implement promotional offers, discounts, or cashback incentives to encourage cashless transactions and increase attendee engagement.
Integrate the cashless system with access control systems, enabling a seamless experience for attendees to enter the event and make purchases with a single identifier.
Provide a straightforward process for refunds or cancellations, ensuring transparency and customer satisfaction in case of any issues.
Offer analytics tools to event organizers, providing valuable insights into attendee spending patterns, popular attractions, and overall event success.
Foster a sense of community and engagement by enabling attendees to participate in various activities and transactions without the need for physical currency.
Contribute to sustainability efforts by reducing the reliance on paper currency, leading to less environmental impact from printing and handling physical money.
Provide a scalable solution that can adapt to events of varying sizes, from small gatherings to large-scale festivals and conferences.
Offer comprehensive user education and support services to ensure that both event organizers and attendees can maximize the benefits of the cashless system.
Adhere to data privacy regulations and ensure compliance with financial standards to build trust among users regarding the security of their personal and financial information.
The common inspiration that connected our two founders was their passion for DISRUPTIVE INNOVATION. Both had, in their respective spheres of earlier work, endeavoured to provide new solutions to address age-old problems.
The “Assistance Control” project was inspired by the basic idea of the “Bologna Process”, a Pan-European collaboration which started in 1999, to adapt technology to provide a better quality of education that would allow improvement of the next generation of classroom teaching.
The best project finally chosen and tested involved students registered for classes with NFC phones, during the academic year 2011–2012 at “Universidad Pontificia de Salamanca, Campus Madrid” (UPSAM).
This resulted in the senior students at the School of Computer Engineering to certify 99.5% accuracy and ease of attendance that ensured continuous assessment without loss of instructional time allocated to this activity.
Source : Science Direct Volume 40 Issue 11, 1st September 2013, Pages 4478-4489
