Navigating the New Tipping Legislation with StrikePay's Oli Cavanagh

In our latest episode, I had the privilege of speaking with Oli Cavanagh, co-founder of StrikePay, about how they’re reshaping digital tipping across hospitality and service industries. 💸Here are some highlights: • StrikePay was born during the first week of the 2020 lockdown, addressing the decline in cash usage. Their solution? Transforming any phone into a payment terminal with NFC tags and QR codes. This innovative product went from concept to revenue in just 91 days! 🔥“We wanted something super scalable and easy for anyone to use, turning phones into payment terminals,” Oli explained. • Oli shared insights into the Employment (Allocation of Tips) Act 2023, which aims to ensure transparency in tip allocation across the UK. Having already navigated similar legislation in Ireland, StrikePay is well-positioned to help UK businesses stay compliant under the new law. ⚖️“For someone to come along and clean this up, providing direct visibility of where tips are going and ensuring employees receive what they’ve earned, is huge,” Oli said. • We also talked about the incredible success stories from StrikePay’s implementation, with delivery drivers doubling their income and major organisations like O2 Arena and Make-A-Wish Foundation adopting the system.“That whole process—from never hearing of StrikePay to getting your first tip—takes less than one minute,” Oli emphasized.This episode is a must-listen for anyone in hospitality, beauty, or the charity sector, as we delve into the future of digital tipping and the strategic decisions that have made StrikePay one of the leading innovators in its space. 🌟🔗 Tune in now and discover how StrikePay can transform your business!Stacked ⁠ #Podcast #HospitalityTech #DigitalTipping #StrikePay #EmploymentAllocationOfTipsAct2023 #UKTippingAct #FinTech #Innovation #Growth