BigPay Further Enhances Its Newly Launched Goal-Based Savings Offeringby Fintech News Malaysia September 6, 2022 0 comments
BigPay, a Capital A venture company, has introduced enhancements to its recently launched goal-based savings offering – Stashes.
Through its Round-Up feature, users can opt to round up their transactions to the nearest Ringgit to be automatically put into the Stash that is separate from their BigPay wallet balance.
Since its initial launch less than a month ago, BigPay users have accumulated over 100,000 Stash and round up transactions.
BigPay users will be now able to create multiple Stashes for different objectives and customisable saving goals.
Individual Stashes can also be further personalised by adding images, descriptions, and rules like locking their Stash until their savings goal or deadline is achieved to further encourage improved saving behaviours.
The enhancements to Stashes will now enable quicker ways for users to reach their savings goals through Turbo Round-ups that can help users save 2x, 3x, or a fixed amount more per transaction.
Additionally, users can schedule deposits into their Stash on a daily, weekly, or monthly basis.
Beyond rounds-up through card payment transactions only, users will now be able to round-up DuitNow QR payment transactions towards their Stash as well.
Users will also be able to have an overview of their financial goals based on factors like spending habits and stash rules.
Since its inception in 2017, BigPay has over 3.3 million users and has doubled its wallet limit from RM10,000 to RM20,000. Most recently, BigPay had added 38 new countries in the UK and Europe to its international remittance service.
“We are delighted to introduce these new enhancements to Stashes that we truly believe will help our users develop healthy financial habits.
Driving financial well-being is at the core of what we do and through Stashes, we want to help users cultivate a lifelong habit of saving money for their future. It’s great to see the strong take up from our user base and there will be a number of updates coming – including Stashes which earn daily returns.”
said Salim Dhanani, CEO and Co-founder of BigPay.