There’s this company offering to pay people “cash back” for taking photos of their receipts in Japan, and I think it’s a data play. “Ahh the customer isn’t the customer they’re the product, eh?” Actually I bet they don’t care about the customer’s data at all. It’s better:
So I hear “Hedge Fund would love that!” all the time and while theoretically I understand the appeal I generally don’t see how one gets a tradeable signal from having receipts from let’s call it 1 bps of transactions covering 80% of all individual physical locations in Japan.
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But I totally get how that fact pattern produces a dataset you could sell for lead generation, mapping, etc.
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as part of a company that does that for online selling platform, yes there is a lot of product providers that would love better access to this data...
End of conversation
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