Challenge Overview

Users frequently share expenses with friends, family, or colleagues for activities such as dining, travel, events, or shared purchases. However, most users currently rely on external tools like messaging apps or manual calculations to manage shared expenses and settlements.

The absence of a structured group expense management system within the digital wallet platforms makes it difficult for users to track shared payments, maintain transparency, and settle dues efficiently.

Participants are challenged to design a smart group expense management system that enables users to connect with others, manage shared expenses, send gifts, and settle payments seamlessly within the digital wallet platform.

Challenge Objective

Develop a solution that allows users to connect with other users, manage shared expenses within groups, track balances transparently, and perform social financial interactions such as sending gifts along with payments.

Problem Scope

The solution should focus on introducing a social and collaborative financial management system that includes:

• User connection mechanisms for financial interactions
• Group creation and shared expense management
• Balance tracking and settlement among group members
• Social gifting alongside monetary transfers

Key Issues

• Users currently manage shared expenses outside the digital wallet platforms.
• Group members may forget or delay settling shared expenses.
• Lack of an efficient centralized system reduces transparency in shared financial coordination.

Guiding Questions

• How can users easily connect with others for financial interactions?
• How should connection request-approval and connection removal mechanisms be designed to ensure user control and privacy?
• How can group expenses be recorded and split among connected users?