Photo by Ndiwulira (http://bit.ly/2D3Yy78)
MAKE-IT ACCELERATOR | NIGERIA
I already saved enough!
For low-income households in particular, it can be difficult to put money aside for rough times. KoloPay is a cashless mobile piggybank application designed and created to address the problem of the poor savings culture in Nigeria and the issue of impulse buying and unplanned spending.
With the KoloPay mobile app, people can pay into their savings account with just one click, and its discount-deals feature creates incentives for setting money aside. Kolo Pay encourages users to set individual saving goals and to monitor their progress towards achieving them. This game-based approach to saving is helping to promote resilient lifestyles in Nigeria.