Luquita, Transfiere altoque

Luquita is a smart tool designed to simplify bank transfers in Chile. Instead of manually entering banking details, Luquita uses advanced recognition technology to extract essential information directly from documents, images, or text. Whether you're transferring money to a business or a friend, Luquita saves you time and reduces errors, making your transactions quicker and more efficient.

Luquita provides three simple ways to process transfer data, ensuring flexibility and convenience for users:

Live Camera: With Luquita, you can use your device’s camera to scan documents, screens, or even handwritten notes. The app instantly detects and extracts crucial details like the recipient’s name, RUT, bank, and account number.

Photo Upload: Already have an image of the banking details? Just upload it to Luquita, and it will analyze the image to accurately capture all the necessary information. This is especially useful for printed receipts or screenshots.

Long Text: Need to process data from a long WhatsApp message or email? Copy and paste the text into Luquita, and the app will extract the relevant details, organizing them for seamless use.

By combining these methods, Luquita adapts to your needs, ensuring that no matter the format, your bank transfers are handled effortlessly and accurately.

Let’s quickly outline how wire transfers work in Chile. For any given transfer, as a consumer, you need a fixed set of information from the recipient, whether it’s a business or an individual:

Name: The business or person’s name.

RUT: A unique ID required for tax purposes.

Email Address: Optional, used for transaction confirmation.

Bank: The destination bank.

Account Type: Checking or Savings.

Account Number: The account number.

Manually gathering and entering these details can be time-consuming and prone to errors. Luquita streamlines this process by capturing all the required information automatically, ensuring accuracy and saving you time. Whether you’re managing personal or business transfers, Luquita makes the process simple and stress-free.

Luquita started from a personal point, where sometimes the purchases I've made, the stores don't have a POS terminal to pay with debit or credit... and only through transfers... and which many times they do it from a printed photo or handwritten. Also many times they give bank details irregularly that the banks don't accept or don't colloquially recognize the bank details correctly.

The idea is not original to me. It comes from a Chilean app called "Chaucha" a exclusive for iOS at only $2,900. Which gave me the advantage and the opportunity to create an app for that purpose, whether personal or public.

In Chile, what in the amerika would be a "send me a request through Cash App" (like when buying something on Etsy or splitting a bill), here translates to a "give me your data for the transfer," which usually includes something like this:

This format has been around for many years, leading to most banking apps in Chile adapting to it. As a result, they usually automatically fill in the data when initiating a transfer to a new recipient.

In theory, this system sounds flawless. But in practice, while banks have nailed the art of reading transfer details exactly as they’d write them, they struggle when faced with the creative ways people actually input information. A slight tweak—like rearranging the order, using a non-standard RUT format (12345678-9), or tossing in a casual 'thanks'— often throws the system into chaos, leading to wildly inconsistent results.

On top of that, many small and medium businesses that depend solely on wire transfers often share their payment details as branded images. While these can be visually appealing, they’re entirely impractical for banking apps, leaving customers stuck manually entering the information.

Luquita is a purpose-built app aimed at bridging the gap between consumers and their banking apps. With a custom algorithm model carefully crafted to be the most flexible on the market, it can detect nearly every possible way users might input their wire transfer details.

Luquita is currently in a closed phase, available by invitation to select users. Once it enters the general phase, it will be completely free for everyone across various Android versions.