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George remarked that in such situations, usually one among his group would pay for the total expense and figure out the individual debts later. This generally involved an exchange of emails with the debt amounts and bank account details and then transferring funds to each individual account. Often he would go out so frequently that the next set of emails would be exchanged before the previous debts were settled, and it would be difficult to track when debts weren't settled immediately. George would generally consolidate unsettled debts over a month or two and send reminders. However, he finds it uncomfortable to deal with such matters, especially when the records become inconsistent since it is difficult to keep track of payments and more importantly since it involves people with whom he shares a working relationship.
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- working young adults like to spend time in group recreational activities, involving expenses.
- Keeping track of recurring expenses via email exchanges is not scalable and quickly becomes unclear.
- Records among different people can become inconsistent, especially with debts cycles among groups.
- It is uncomfortable to keep track of debts, payments and remind people.
- It is a tedious process to remember bank details for different people and pay each one via online transfers.
3. A Group of Roomates - Elroy Jetson
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- Many working professionals hold group meetings during meal time or eat out for lunch as a group.
- They are usually very busy and they might be happy to use an efficient paying methodmethod to track and pay debts.
Clubs/Organizations
- Organizations often need to purchase public facilities, which should be paid by every member.
- The amount in the bill might be relatively large.
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People who make the payment
- An easy way to record the expense and related details
- An transparent and automated way to calculate the individual expense.
- A non-intrusive way to share it with people involved.
- A clear way to keep track of debts.
- A friendly way for a user to remind people that owe them
- An easy and secure way for one person to make a payment and be reimbursed by other members of the group.
People who need to repay
- A transparent record of the expenses details.
- A way to keep track of total debts with an individual.
- A way for a user to remind people that owe them
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- to shuffle debts and break through cycles amongst groups.
- A way to record payment or clearing of a specific debt.
- An easy and secure way for a person to allow someone to make a payment and either deduct the money he owes from his or her account, or to create an IOU virtual receiptA way to keep track of payments and debts