Saving money can be a challenge for anyone who is constantly tempted to swipe a credit card or constantly dip into a bank account with ease—but MoneyLockup aims to change this for the average person by making it difficult to access one's money and at the same time, make the saving process more fun.
MoneyLockup uses augmented reality to gamify the money-saving experience by having its users stash their money at a physical location. As a location-based app that provides an experience that is comparable to Pokemon Go, MoneyLockup only makes it possible for app users to access their money on-site.
With MoneyLockups, money is held in one's name in a Barclays digital bank accounts, making it easy for users to hold onto more of their hard-earned dollars.
What Makes This Trend Stand Out
- Location-based Money Management
- Augmented reality and location-based apps are being used to gamify the money-saving experience.
- Digital Banking
- MoneyLockup uses Barclays digital bank accounts to provide a more secure and convenient way to save money.
- Gamification of Personal Finance
- MoneyLockup aims to make saving money more fun through its use of augmented reality and game-like features.
Sectors Adopting This
- Banking
- Digital banking services can incorporate gamification and location-based features to improve the customer experience.
- Mobile App Development
- Developing location-based apps with augmented reality features presents a new market in personal finance management and banking.
- Personal Finance
- Gamified personal finance management tools can help people save money in a fun and interactive way.
