Financial Services (105)
The Russian post office has launched a new financial product for consumers. They can get a microcredit loan (between $100-200 USD) in any post office branch simply by presenting a piece of identification.
Why it matters
Microcredit is something that has really taken off in underdeveloped countries and is usually associated with business development. Will this niche offering attract local customers considering the small amounts loaned?
“Shopkick” is the first mobile app that rewards shoppers with points called “kickbucks”. Shoppers are rewarded for simply entering stores and once inside, more kickbucks can be earned by using the app’s barcode scanner to scan products.
The Danish bank: ‘Dankse Bank’ has created a smartphone app that allows you to pay for a bill by simply taking a photo of it.