The Pact App Pays People to Lead Healthier Lifestyles
Meghan Young — February 11, 2015 — Tech
References: itunes.apple & techcrunch
The Pact app takes the gamified craze to the next level by actually dishing out money to users. It has a solid reward platform that earns people cold hard cash the more they work out and eat healthy. Essentially making a pact to lead healthier lifestyles, the Pact app works both ways. As soon as a person activates the app, they're asked to choose the amount they would want deducted from their own account if they don't stick to their plan.
In order to earn money, the Pact app pays as little as 30 cents to as much as $5 per week. TechCrunch reports, "That payout comes out of the pool of money from people who didn’t make their pact."
In order to earn money, the Pact app pays as little as 30 cents to as much as $5 per week. TechCrunch reports, "That payout comes out of the pool of money from people who didn’t make their pact."
Trend Themes
1. Gamified Fitness Apps - Disruptive innovation opportunity: Creating fitness apps that reward users with monetary incentives for healthy behavior.
2. Financial Incentive Platforms - Disruptive innovation opportunity: Developing platforms that leverage financial rewards to motivate individuals to achieve personal goals.
3. Behavioral Economics in Health Apps - Disruptive innovation opportunity: Integrating principles of behavioral economics into health apps to drive positive lifestyle changes through financial incentives.
Industry Implications
1. Mobile App Development - Disruptive innovation opportunity: Building mobile apps that combine gamification, fitness tracking, and monetary rewards to encourage healthy behaviors.
2. Health and Wellness - Disruptive innovation opportunity: Integrating financial incentives into health and wellness programs to motivate individuals to lead healthier lifestyles.
3. Fintech - Disruptive innovation opportunity: Creating financial technology solutions that facilitate the implementation and management of financial reward platforms for behavior change.
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