Though it's always great to lend a helping hand to those in need, many can agree that some invisible wall of insecurity and awkwardness seems to appear when financial favors are involved. The discomfort of approaching a friend for money can have one wishing that they could just pass the task on to someone else; Boomerang Digital has given birth to that someone else. Say hello to SpotMe: your best friend for keeping tabs on your best friends.
SpotMe is an app used to record and display information pertaining to financial resources that are split between parties. Its main use lies behind its email and push notifications, which allow you to inform your friends of their dues while avoiding any awkward conversation. Boomerang Digital has also aimed its credit-crunching motives towards person-to-person payment options, and will be used alongside apps such as PayPal, Venmo and ZipPay in the future.
Tab-Keeping Apps
Spotme is an App to Help You Get Your Money Back
Trend Themes
1. Tab-keeping Apps - Apps that help you keep track of group expenses and split costs with ease.
2. Person-to-person Payment Options - P2P payment apps simplify financial transactions and avoid awkward conversations.
3. Automated Debt Collecting - Apps that automate debt reminders and facilitate debt recovery.
Industry Implications
1. Finance - Fintech startups can create apps like SpotMe for effective debt management.
2. Hospitality - Hotels and restaurants can use tab-keeping apps to streamline group expenses and payments.
3. E-commerce - E-commerce platforms can implement P2P payment options for seamless transactions and better customer experience.