Munich, 6 December 2022. Gini, the leading company for data extraction from documents, processed 7,073,537 photo payments made by 3,548,582 monthly active users in November. The AI transfer feature, which has been integrated into numerous German retail banks for almost ten years, thus continues to enjoy a substantial increase in popularity. Compared to November last year, monthly usage increased by 40.4 percent. On average, each user makes two photo transfers per month.
Gini Pay Photo Payments makes payment quick and easy
By using the Gini Pay Photo Payment, retail bank customers from Sparkassen, Deutsche Bank, Commerzbank, HVB, and DKB, among others, who use the feature via their respective banking apps, save a lot of time. Users pay the invoice amount via smartphone photo, recognition via a QR code with payment information, or instant sharing of a digital document with the banking app. With the Gini Pay Photo Payment, necessary details such as IBAN or the amount to be paid are extracted from the invoice, and the transfer mask is filled in fully automatically. The user then only needs to confirm the transfer.
One of the growth drivers is the OCR update (“Optical Character Recognition”), which Gini developed and rolled out to all its customers in the summer, speeding up photo payments by over 40 percent to a processing time of 3 seconds.
The update also delivers higher-quality extraction – from excellent photo capture to image correction, text recognition, and data extraction, and it is entirely based on artificial intelligence. This technology makes Gini a leader in mobile document capture and extraction, saving users 256,000 minutes – or 4,267 hours or 178 days in time, based on more than 7 million documents in November.
“Seven million photo payments made per month is an enormous number that makes us very proud,” says Holger Teske, co-founder, and CEO of Gini GmbH. “Since the company was founded, our goal has been to magically simplify people’s lives with AI solutions for mobile applications. Our popular feature’s multiple use cases confirm us again in our vision.”
Gini is subject to strict data protection requirements and certified according to ISO 27001. The company also received the certifications Software Hosted in Germany and Software Made in Germany, awarded by the Bundesverband IT-Mittelstand e.V. They prove, among other things, the security and user-friendliness of the solutions.
