Like all living things, Millennials are only getting older, and Revolut Vaults help that generation to tackle one of the issues that comes with lost youth: saving for the future. The platform gives users several simple ways to put away their money automatically, helping them to pay off student loans and prepare for their financial lives.
Revolut Vaults combine all of the most popular savings options available on Millennial-friendly finance platforms. With the Revolut card, users have the option to put away the spare change that accrues on their everyday expenses, providing a small but steady stream of funds into one's Vault. Those contributions can also be easily tracked thanks to available push notifications.
Users can also simultaneously set up dedicated, recurring payments around the times that best suit them (for example, a contribution directly after receiving one's paycheck).
Simple Vaulted Savings Apps
Revolut Vaults Give Users Multiple Ways to Put Away Savings
Trend Themes
1. Automated Savings - Financial institutions can capitalize on the trend of automated savings by providing user-friendly, customizable options to help users save for the future.
2. Micro-savings - There is an opportunity for businesses to create micro-savings options that allow users to save small amounts of money on a regular basis to build up their savings over time.
3. Savings Tracking - Developers can create financial apps that provide push notifications and other tracking tools to help users monitor their progress towards their savings goals.
Industry Implications
1. Financial Services - Traditional financial institutions can stay competitive by adopting the latest fintech trends and offering automated savings options to their customers.
2. Mobile App Development - Companies specializing in mobile app development can create user-friendly, customizable savings apps that give users multiple options to save for their financial futures.
3. Education - Educational institutions can help their students by teaching financial literacy skills and offering resources on how to save through automated savings and micro-savings apps.