Drone Debt Collection In Partnership With Amazon And Square

The Splitwise team is excited to announce a new Settle Up option: Settle Up via drone. It’s the fastest, easiest way to collect money from your friends, no matter where they are. Plus, you’ll never need to have an awkward talk about repayment again — just send the drone and your friend will get the message that you need your money back, loud and clear.

How does it work?

Dispatch Drone
Dispatch Drone

If a friend owes you money, ‘Dispatch Drone’ will be an option in the Settle Up flow. Tapping ‘Dispatch Drone’ automatically deploys one of our payments-processing drones, stored in Amazon warehouses across the country. Geolocators built into your friend’s Splitwise app pinpoint their exact location, sending the drone in the right direction.

Splitwise collection Drones are equipped with Square Readers, and also take cash. As soon as your friend Settles Up with the drone, the payment is recorded in Splitwise and your balance updates accordingly. Our drones are adaptive and persistent; if your friend doesn’t have any money on them, the drone follows them around in a friendly, unobtrusive manner until they have their wallet on hand.

Drones are equipped with Square Readers
Splitwise Drones are powered by the Amazon Prime Cloud, are equipped with Square Readers, and also accept Cash or Bitcoin

It’s been wonderful to collaborate with Amazon and Square on this project. We’re so glad these big companies share our commitment to eliminating money stress between friends. Stay tuned for the release of our Google Glass integration, which will project a balance onto your friends’ forehead if they owe you money.

Published by

Zoe Chaves

Product Manager at Splitwise.

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