Admitad business has acquired the CheckScan receipt scanning service in order to boost its intelligent shopping services. How will CheckScan assist customers, and what are Admitad’s owners expecting from the recent assignment?

CheckScan is a free QR code scanner for receipts that connects hundreds of thousands of consumers across Russia. CheckScan also analyzes user spending and searches for better prices across a number of stores.  It currently processes over 2 million receipts a day. 

The service is currently only available in Russia. Its associate stores include FMCG retailers such as the X5 throng, VkusVill, Krasnoye & Beloye, Sbermarket, Auchan, Metro liquid assets & Carry, and others.

Admitad purchased a 25% distribute in CheckScan in 2019, drawn by its existing resources and its great potential in the up-and-coming area of intelligent shopping, as well as by the chance for Admitad to expand its FMCG customer segment. CheckScan had initially been a regular associate on the Admitad Affiliate platform. 

“The intelligent shopping pattern is developing at a breakneck pace both in Russia and around the globe. This is less a outcome of post-pandemic economic turbulence than a sustainable transformation in buyer behavior. buyer consciousness and, accordingly, behavior is becoming more rational. Consumers now search out top-standard products and are ready to spend money they’ve set aside especially for those purchases. CheckScan and its growth schedule will allow us to assist complete-users make purchases with maximum efficiency. We depend in the assignment and the throng, so we decided to purchase 100%. I’m proud to introduce Artem Ostapenko who will be in fee of this area at Admitad” – Alexander Bachmann, Founder and CEO of Admitad.

“We are creating a single entry point into the globe of intelligent shopping for customers. CheckScan represents the beginning of Admitad’s intelligent shopping ecosystem.” – Artem Ostapenko, CEO of CheckScan.

Former CheckScan CEO Vlad Vernigora will continue developing the assignment as its CTO. 

The CheckScan throng currently numbers 25 employees. Its near-term plans include implementing a number of updates to the app that will make it feasible to accommodate up to 80% of all promo offers in the economy, increasing the cashback rate, and adding more extraction opportunities for users. Within the next three to four years, CheckScan hopes to enter recent markets. 

Admitad business has acquired the CheckScan receipt scanning service in order to boost its intelligent shopping services. How will CheckScan assist customers, and what are Admitad’s owners expecting from the recent assignment?

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