Summarized by AI Model:facebook/bart-large-cnn
DigMo wallet's first product, Save to Win, is being introduced in Zambia. It makes saving money on a regular basis simple, rewarding, and free of fees. Users can begin with little sums, starting at just ZMW10 ( US$0.37), and have the opportunity to win prizes of up to ZMW500,000 (US$19,000)DigMo, a wallet operator licensed by the Bank of Zambia, provides a free and safe digital money account with a unique feature that allows users to play a “financial planning game” that encourages users to start saving money for the future. The firm claims that by offering consumers the opportunity to win significant prizes, it is promoting sustainable practices.
DigMo wallet’s first product, Save to Win, is being introduced in Zambia. It makes saving money on a regular basis simple, rewarding, and free of fees. Users of Save to Win can begin with little sums, starting at just ZMW10 (US$0.37), and have the opportunity to win prizes of up to ZMW500,000 (US$19,000).
“We are dedicated to providing low- and middle-income earners in Africa with innovative financial planning.” Sylvia Brune, CEO of DigMo Group, stated, “We approach this like a game studio – where we constantly create and test many new products until we find those with an outsized impact.” “It is unlikely that we can significantly alter behaviour if we simply make the current products more available or affordable. DigMo, a solution that would significantly enhance consumers’ financial well-being and cater to their specific needs, was developed through direct user engagement, observation, and learning.
