Top officials pose for a group photo at the event in Dubai.

Inayat-ur-Rahman, Business Editor

In a landmark development during the UAE’s Year of Sustainability, klipit unveils its blockchain-based paperless receipt application, a transformative tool for the retail and service sectors. This innovative platform, launched in UAE, aims to redefine commerce with its efficient, eco-friendly approach to transaction management.

Addressing the pressing need for digital solutions – with 76% of GCC consumers showing a preference for digital receipts, according to klipit’s survey – this launch marks a significant step towards sustainable business practices. Klipit’s initiative not only meets the immediate needs of today’s market but also aligns with the broader environmental goals of the region, heralding a new era in retail operations where technology meets sustainability.

klipit is set to transform retail commerce by introducing a digital receipts system that promises enhanced efficiency and a reduced carbon footprint. The platform’s anticipation is grounded in a market ripe for innovation—statistics show that 76% of people in the GCC were in favor of digital receipts solutions, with significant interest echoed throughout the GCC. klipit’s launch is strategically timed to meet this surge, offering businesses a customer-focused, sustainable alternative to traditional paper-based systems.

With a staggering 95% of paper receipts discarded within days, klipit is the perfect response to the urgent need for environmental stewardship in business practices. Its digital platform resonates with the 70% of Gulf consumers surveyed who increasingly advocate for eco-friendly brands, presenting an opportunity for businesses to innovate sustainably. klipit was holistically designed to empower companies to capture this growth potential, delivering a secure and sustainable service that streamlines the customer experience and transaction management. “klipit is more than a response to the market’s call for digital transformation; we’re delivering a comprehensive solution to lead it,” says  Venkat Reddy, CEO of klipit. “In the UAE’s Year of Sustainability, we’re proud to align with the nation’s vision by crafting a platform that combines efficiency with a commitment to sustainability.