tiptap: Revolutionizing Payments & Donations with a Simple Tap
October 30, 2023 |
Growth Companies
In a world increasingly moving towards a cashless society, charitable organizations have faced significant challenges in collecting much-needed funds. However, innovative solutions are emerging to bridge this gap. tiptap offers the world’s simplest way to accept touchless payments for charitable donations and tips. IDG’s Yolande Lougheed had the pleasure of interviewing tiptap CEO Barry Hildred to discuss the company’s mission, technology, and future plans.
The Innovative Solution
tiptap’s innovative solution is a fully autonomous, mobile device that accepts fixed denomination payments, through various methods, including credit cards, debit cards, and digital wallets like Google Pay and Apple Pay. The device operates over a cellular network, eliminating the need for complex network integration, making it accessible virtually anywhere. Notably, the device does not store any personal information, making it secure even if stolen.
tiptap’s Impact on Charitable Giving
One remarkable initiative involving tiptap is its partnership with The Salvation Army. The Salvation Army’s iconic kettle campaign, a long-standing tradition during the holiday season, was facing a challenge as people carried less cash and coin. tiptap retrofitted The Salvation Army’s kettle by adding their devices, allowing donors to make contributions through various payment methods. The result has been a year-over-year increase in the funds raised, addressing the issue of declining cash donations.
The Future of tiptap
tiptap aims to expand its product suite, with plans to launch a multi-denominational device in 2024. This device will provide more flexibility to users when making contributions. Furthermore, tiptap is open to new partnerships, much like their current partnership with Visa in the US. These partnerships will be instrumental in expanding their presence, primarily targeting the US market.
Simplifying Charitable Giving
tiptap is simplifying charitable giving and tackling the challenges presented by an increasingly cashless society. As tiptap continues to grow and innovate, it holds the promise of making a substantial impact on the world of charitable giving and tipping.
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Forward-looking statements
Certain statements in this press release constitute “forward looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of tiptap, or industry results, to be materially different from any future results, performance, objectives, or achievements expressed or implied by such forward looking statements. When used in this press release, words such as “may”, “would”, “could”, “will”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan”, and other similar expressions are intended to identify forward-looking statements. These statements reflect tiptap’s current views regarding future events and operating performance, are based on information currently available to tiptap, and speak only as of the date of this press release.
These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees that future performance or results will be achieved. Many factors could cause the actual results, performance, objectives, or achievements of tiptap to be materially different from any future results, performance, objectives, or achievements that may be expressed or implied by such forward looking statements. Additional factors are discussed under the headings “Liquidity and capital resources” and “Risks and Uncertainties” in tiptap management’s discussion and analysis, annual information form, and other publicly available disclosure documents, as filed by tiptap on SEDAR (www.sedar.com).
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this presentation as intended, planned, anticipated, believed, estimated, or expected. Unless required by applicable securities law, tiptap does not intend and does not assume any obligation to update these forward-looking statements.
