Project Overview

Last Verified: 2026-02-17 | Owner: John

Drop — Project Overview

What is Drop?

Drop is a fintech payment app providing remittance and QR payment services for all residents in Scandinavia. It operates on a pass-through PSD2 model — Drop never holds customer money. All funds remain in users bank accounts, with transactions initiated via Open Banking (AISP/PISP).

Current Status

• Phase: SDLC-4-Implementation (active development)
• Budget: 250,000 NOK (bootstrap)
• Timeline: 5 weeks MVP
• Market: Scandinavia (Norway launch, Sweden/Denmark phase 2)

Core Features

1. Remittance — International money transfers (0.5% fee) via PISP
2. QR Payments — In-store payments (1% merchant fee) via PISP
3. Bank Accounts — View linked balances via AISP
4. Notifications — Push notifications and transaction alerts
5. Transaction History — Full history with filters

Tech Stack

• Frontend: Next.js 16 + React 19 + Tailwind v4
• Backend: Next.js API Routes
• Database: SQLite (better-sqlite3)
• Auth: JWT (jose) in httpOnly cookies
• Hosting: Vercel
• Banking APIs: Wise API / Thunes (remittance), Swan (EU banking)

Team

• PM: John
• Tech Lead: dev (Ollama)
• Scrum Master: John
• Developers: builder (Claude Sonnet)
• QA: validator (Claude Sonnet)
• Designer: designer (Ollama)

Key Partnerships

SpareBank 1 Sør-Norge

• Status: Updated pitch sent (2026-02-16)
• Contact: Edis Sabaredzovic ([email protected])
• Proposed Model: 70/30 revenue split, agent model under SB1 licence
• Next: Awaiting response

Branding

• Domain: getdrop.no
• Tagline: "Enklere betalinger. Lavere gebyrer."
• Logo: Green rounded square with white $ icon (circular arrows) + gold/orange dot
• Design System: Figma Make export (10 screens) at mockups/figma-make-export/

User Requirements (ENFORCED)

• Minimum age: 18 (BankID validation)
• Residency: Norway (Norwegian phone +47, Norwegian BankID)
• BankID verification: mandatory before transactions

Important Notes

• Drop is a general-purpose payment app — NOT diaspora-only
• Pass-through model: Drop never holds money, no wallet, no balance
• Cards feature is feature-flagged (future, requires banking partner)
• Never use banking without licence disclaimer

Key Documents

• Architecture: project/architecture/drop-architecture.md
• Business Case: project/docs/zica-business-case-v2.md
• Pipeline: project/PIPELINE.md
• Documentation Index: docs/INDEX.md