Cashless tipping solutions provider URocked have announced the launch of their suite of products in Ireland and have been hailed as All-in-One solution to new legislation surrounding tipping of employees in service industries.

The launch of the products also marks the opening of the company’s Irish offices as one of the founders, Cork/Blackrock native Sam Kohli, seeks to bring their innovative solutions home to Irish consumers and service providers.

Sam Kohli, 33, founded Paynt in 2014 which is a leading and trusted Payment Service Provider throughout Europe. Paynt has established a global footprint with offices in London, New York, Riga, Vilnius, and now in Ireland.

Paynt is registered and authorised Electronic Money Institution and licensed to operate across 30 countries within the EU. In 2023, URocked teamed up with Paynt, becoming part of the Paynt Group and emerged as “URocked –  powered by Paynt”

URocked has already seen considerable success in the UK and Baltic region, with 1000s of businesses availing of the solution, particularly those in the food, drink and hospitality industries.

Three products are now available on the market for Irish businesses: One Device, Quick Tips and QR codes, which provide innovative features like pay at table, mobile, card, and QR code tipping.

In good news for business owners in the service industry, URocked ensures that 100% of tips flow directly into employees’ digital wallets, eliminating employer involvement and simplifying payroll.

Customer feedback has shown significant increases in the number of tips received by staff since implementing one of the URocked solutions with some users reporting that they have received up five times. more than prior to using the solution.

Speaking in relation to the URocked Irish launch, Mr Kohli said: “Our URocked solution optimizes the existing tipping process, ensuring staff receive 100% of tips without imposing administrative or tax responsibilities on business owners, all while staying legally compliant.

“With the new tipping legislation, the demand for a compliant and cost-effective solution has been increasing rapidly.

“We believe our solution will benefit operators across the services and hospitality sector by increasing tips, improving transparency, and reducing the administration burden.

“In addition to this, URocked will inadvertently increase the income of staff in the hospitality industry, not only as a result of digitalization, but also due to the revolutionary approach of the solutions” Mr Kohli concluded.

The company is currently engaging with 100’s of Irish businesses with a view to implementing the solution and is aiming to reach 10 million tips processed in Ireland by the close of 2024.

URocked have also received the support of the Restaurants Association of Ireland (RAI) and become one of their exclusive patronage partners. An RAI spokesperson said: “As cashless tipping becoming increasingly popular in Ireland, we’re excited to welcome URocked as our newest patronage partner. Their innovative technology ensures 100% of electronic tips go directly to staff while also providing business owners with tipping legislation compliance and reduced admin costs.”

With over 100 employees across Europe, the company has said it projects more staff hires in Ireland and looks forward to expanding its operation.