Shoppoint has unveiled the Billion Receipts Initiative, a nationwide campaign aimed at digitising one billion offline consumer receipts and building what it describes as Nigeria’s first “data refinery” for the retail economy.
The initiative, scheduled to formally commence in June 2026, is designed to create a real-time database of consumer spending patterns across Nigeria’s largely informal retail market, while giving brands direct visibility into verified customer purchases.
The company said the programme would run as an ongoing national mission with continuous shopper participation and brand-sponsored campaigns throughout the journey to one billion receipts. A ₦10 million prize has been reserved for the shopper who uploads the one billionth receipt, alongside other cashback and reward incentives for participants.
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According to Shoppoint, the initiative seeks to solve a longstanding challenge facing consumer goods companies and retailers in Nigeria — the inability to accurately track the effectiveness of trade promotions and consumer marketing spend.
The company noted that a significant portion of promotional spending by fast-moving consumer goods (FMCG) companies is often lost within the distribution chain or fails to reach the intended end consumers due to weak attribution systems.
Shoppoint said it has already verified more than 10 million receipts through its platform since launching in 2023, a development it says demonstrates the viability of its receipt verification infrastructure.
Speaking on the initiative, Kessiena Majemite, founder and CEO of Shoppoint said Nigeria’s retail economy remains largely invisible because much of everyday commerce still takes place offline.
“Nigeria’s everyday economy lives offline. It moves through cash, neighborhood stores, open-market stalls, and millions of moments that never make it into any data system,” Majemite said.
“That entire layer is trapped in silos, invisible to the consumer brands selling into it and to anyone trying to understand it. The Billion Receipts Initiative is how we map it together.”
He added that the company was building a platform that would allow consumer brands to engage verified customers directly at the point of purchase while enabling shoppers to earn rewards from their everyday spending activities.
Under the initiative, partner brands will run scan-attributed reward missions on the Shoppoint platform, with incentives delivered directly to verified customers once purchases are confirmed through uploaded receipts.
The company said brands would pay based on verified consumer activity rather than estimated audience reach, creating what it described as a more efficient model for promotional spending and customer engagement.
The programme is expected to cover a broad range of retail categories including supermarkets, pharmacies, restaurants, filling stations, fashion outlets, and other merchants operating across Nigeria’s informal and formal retail segments.
Eligible submissions will include printed retailer receipts, point-of-sale receipts, and in-app purchase receipts processed through the Shoppoint platform.
According to the company, receipts uploaded by users are parsed and converted into structured purchase data in real time, providing brands with first-party consumer insights that traditional distributor reports and market panels often cannot deliver.
Shoppoint said the infrastructure was specifically designed for the realities of African retail markets where large portions of consumer activity remain fragmented and cash-driven.
The company said the initiative draws inspiration from the business model pioneered in the United States by Fetch Rewards, a receipt-rewards platform that built a multi-billion-dollar business around consumer receipt data and brand engagement.
Shoppoint added that the Billion Receipts Initiative would remain open-ended, allowing consumer brands to onboard continuously as the platform scales toward its one billion receipt target.
The company said it is already supporting launch-stage campaigns across categories such as beverages, food and snacks, household goods, and personal care products.