Visa – Mogo Launches New Interactive Rainforest Mode in its App
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Utilizing gamification to assist customers lower your expenses and the planet
VANCOUVER, British Columbia–(BUSINESS WIRE)–
Mogo Inc. (TSX: MOGO) (NASDAQ: MOGO) (“Mogo”), a monetary know-how firm targeted on empowering customers with modern digital monetary options that assist them get accountable for their monetary well being, at this time introduced the discharge of its new up to date Mogo app that includes an interactive Rainforest Mode as a part of the MogoCard expertise. The MogoCard is the Mogo Visa Platinum* Pay as you go Card that’s designed to assist Canadians get accountable for their spending by shifting away from the overspending related to bank cards, whereas additionally being the primary card to assist combat local weather change by routinely offsetting CO2 with each greenback spent utilizing the cardboard. Mimicking the sights and sounds of the Amazon rainforest, the brand new function brings Mogo’s carbon offsetting mission to life.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/dwelling/20201127005272/en/
Mogo’s new Rainforest Mode goals to assist customers be extra aware of their spending. (Photograph: Enterprise Wire)
Discovered throughout the Spending part of the Mogo app, Rainforest Mode contains the sounds and visuals of the Amazon Rainforest and is designed to evoke a chilled, zen-like ambiance, aimed toward serving to customers be extra aware of their spending to not solely scale back their carbon influence but in addition to grow to be extra accountable for their spending to attain higher monetary well being.
“Financial stress continues to be one of the biggest stressors for Canadians, while climate change remains one of the biggest long-term challenges we all face. Our goal with the MogoCard was to design a solution that helps consumers get control of the most important part of their financial game, spending, while also helping to solve climate change,” mentioned David Feller, Mogo’s Founder & CEO. “Given more than 50% of Canadians carry credit card debt, moving away from credit card spending to a product that only lets you spend what you load is the first step toward gaining control of your finances. Spending is also one of the main drivers of climate change, as everything we buy has a carbon footprint. An estimated seventy two percent of CO2 comes from our consumption. An important step toward reducing financial stress and addressing the climate crisis is to avoid overspending and, importantly, offsetting our CO2. Our goal at Mogo was to gamify the experience of saving money and the planet, and Rainforest Mode really takes this to a whole new level. Banking and consumer finance is going through a disruption that many other industries have already faced, and we believe that the future of financial health will look more like a game than a typical banking app.”
The MogoCard and Rainforest Mode are free to all Canadians and out there by downloading the Mogo app. Along with these merchandise and options, the Mogo app provides members free identification fraud safety, free credit score rating monitoring and a easy manner to purchase and promote bitcoin. Mogo is the one FINTRAC regulated and publicly traded Canadian firm on each the TSX and NASDAQ to supply Canadians this distinctive suite of merchandise.
To study extra about Mogo’s mission to assist customers obtain a zero debt and internet zero CO2 way of life, go to: https://weblog.mogo.ca/rainforest-mode-is-here-to-help-the-environment
Extra About MogoCard
On a regular basis local weather motion
Mogo encourages its prospects to spend consciously, selling a debt-free, carbon constructive life. MogoCard is the primary and solely card in Canada (debit, credit score or pay as you go) to launch with a carbon offset program so customers can have a constructive influence on the setting just by spending with Mogo. By this system, Mogo will offset one pound of CO2 for each greenback spent utilizing the cardboard. Mogo has partnered with Offsetters, one in all Canada’s main suppliers of sustainability and carbon-management options. Offsetters helps organizations and people perceive, scale back and offset their environmental impacts and makes a speciality of prime quality verified offsets. The present mission supported by Mogo is a licensed REDD+ initiative targeted on defending the Amazon Rainforest, one of many largest absorbers of CO2 on the planet at this time, from deforestation.
No month-to-month or annual charge
There aren’t any month-to-month or annual charges related to the MogoCard.
Aware spending made simple
The MogoCard was constructed as a mobile-first expertise and designed to assist customers be extra aware of their spending. Each time a purchase order is made, the member routinely receives a notification exhibiting the quantity spent, the place they spent it, their up to date steadiness and the way a lot CO2 they’ve offset. It additionally provides members the flexibility to trace their spending by month to allow them to see their progress, together with a 3-month common spend.
To assist members higher handle their spending cash, auto-transfers might be set as much as frequently switch a member’s spending cash from their bank account to the MogoCard. There is no such thing as a want to modify banks.
Mogo — a monetary know-how firm — provides a finance app that empowers customers with easy options to assist them get accountable for their monetary well being and be extra aware of the influence they’ve on society and the planet. At Mogo, customers can join a free account in solely three minutes to start to study the four habits of monetary well being and get handy entry to merchandise that may assist them obtain their monetary targets and have a constructive influence on the planet together with: a digital spending account with the Mogo Visa* Platinum Pay as you go Card, that includes automated carbon offsetting, free month-to-month credit score rating monitoring, ID fraud safety and private loans. Members may simply purchase and promote bitcoin 24/7 by the Mogo app and earn cash to purchase bitcoin by Mogo’s new bitcoin rewards program. The Mogo platform has been purpose-built to ship a best-in-class digital expertise, with best-in-class merchandise all by one account. With a couple of million members and a advertising partnership with PostMedia, Canada’s largest information media firm, Mogo continues to execute on its imaginative and prescient of changing into the go-to monetary app for the following era of Canadians. To study extra, please go to mogo.ca or obtain the cellular app (iOS or Android).
*Trademark of Visa Worldwide Service Affiliation and used beneath licence by Peoples Belief Firm. Mogo Visa Platinum Pay as you go Card is issued by Peoples Belief Firm pursuant to licence by Visa Int. and is topic to Phrases and Situations, go to mogo.ca for full particulars. Your MogoCard steadiness shouldn’t be insured by the Canada Deposit Insurance coverage Company (CDIC). MogoSpend is just out there to MogoMembers with an activated MogoCard. MogoCard means the Mogo Visa Platinum Pay as you go Card.
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Supply: Mogo Inc.