Group Expenses
Allow your customers to split group expenses and keep track of what's owed
Offer this high-demand functionality to manage group expenses and use it to increase your customer insight and generate new sales opportunities.
Group Expenses allow users to:
- Create a group expense with their friends and family.
- Add expenses without having an account, just for being a group member.
- Invite as many people as they want using their phone book.
- Pay what is owed via transfer, credit card or other digital payment method.
MATCH WITH
Retail Banking
FinTechs
Group Expenses
Solution
MAIN FUNCTIONALITIES
Tracking
Allow users to monitor their expenses, track shared expenses and balances and see who owes whom.
Organization
Share expenses with any group: travel, roommates, friends and family.
Add expenses easily
Add expenses on the fly before you forget who has paid and distribute what everyone owes.
Settle up
Pay debts with friends and record payments in cash, via Bizum or online.
Reduce the cost of acquiring potential customers
Exponential growth with a customer acquisition cost of 0 euros.
Users invite their friends as part of the onboarding process
When these users create their own groups, a growth loop is settled.
Reduce transactions
Decrease the number of payments by simplifying debts.
Increase engagement with your users
Build the best and most complete digital bank ecosystem.