Event Budgeting: Event organizers set a budget for the event, determining how much to allocate to each attendee for food, drinks, or other services.

Digital Wallets or Event Accounts: Each attendee is assigned a digital wallet or event-specific account. Organizers pre-load these accounts with the allocated amount or give attendees instructions on how to load funds if they choose to add more.

Access to Funds: Attendees receive QR code or wristband, linked to their digital wallet, allowing them to pay for food, drinks, and services with just a scan.

Secure Payment Method: Payment devices or app credentials are encrypted and unique, ensuring only authorized users can access their funds.

Contactless Payment Points: Vendors, bartenders, or staff at the event are equipped with contactless payment devices or mobile devices that can scan QR codes or read coded wristbands.

Instant Transactions: Each transaction is processed instantly, deducting the amount from the attendee's account. This makes for quick service, reduces lines, and keeps the event flowing smoothly.

Spending Analytics: Event organizers have real-time access to spending data, which allows them to track how much each attendee or group has spent and monitor the overall budget.

Adjustments on the Go: If more funds are needed or if an attendee has exceeded their limit, organizers can make adjustments in real-time through the platform.

Detailed Reports: After the event, organizers can access detailed reports that show spending patterns, which vendors were most popular, and how the allocated budget was used.

Automatic Reconciliation: With all transactions tracked digitally, reconciliation is straightforward, saving time in closing out the event.