Last month we did an experiment that involved re-designing our invoice payment reminder to nudge users towards better financial decisions. In this case: to pay their invoices on time and avoid reminder fees. We applied two nudge-oriented decision-making biases borrowed from behavioral economics: present-preference and asymmetry choice biases. In very Read more…
In our last post we noted that financial literacy has a far-reaching impact on your quality of life. But the talking points of financial literacy tend to be opaque and full of jargon. To prove that it’s not as complicated as it looks, I picked up four basic rules of Read more…
In recent years, the risk of addiction from online entertainment has been in the spot-light among government policymakers, and reasonably so. According to a report published by the Public Health Agency of Sweden (Folkhälsomyndigheten), an overwhelming 70% of bet deposits of an online gambling sector (i.e. Online casinos and poker) Read more…
This is part one in our series “Financial literacy 101” check out part 2 here. Your knowledge about money management affects the quality of your life. But for some reason, the way people talk about finances seem to be made deliberately complicated or tedious. They tend to start something like Read more…
Zimpler, as an online payment solution, has been a leading advocate in the fintech arena when it comes to users’ financial well-being (FWB). At its core it strives to do everything ‘schysstare’ (pronounced as hu-s-tere), a Swedish word that can loosely be translated as ‘pleasant and smart’. In particular, we Read more…