The 'Looma' Money-Saving App Saves a Percentage of Your Purchases
Michael Hemsworth — May 12, 2017 — Lifestyle
Going on a shopping spree can sometimes be associated afterwards with feelings of guilt for spending money, so the 'Looma' money-saving app is intended to help offer a way to do away with this. The 'Looma' app works by applying a certain percentage to your purchases and putting it towards your savings account to ensure that you'll be able to shop without feeling any sort of remorse.
Money and finances still remain a mystery for many consumers who simply feel like they aren't exactly sure how to go about saving for a rainy day or simply ensuring they've always got extra cash in their account. New solutions like the 'Looma' money-saving app are taking aim at these consumers with solutions that are easy to implement and effective at simplifying the banking process.
Money and finances still remain a mystery for many consumers who simply feel like they aren't exactly sure how to go about saving for a rainy day or simply ensuring they've always got extra cash in their account. New solutions like the 'Looma' money-saving app are taking aim at these consumers with solutions that are easy to implement and effective at simplifying the banking process.
Trend Themes
1. Money-saving Apps - The rise of money-saving apps like Looma highlights the potential for further innovation in this space.
2. Automated Savings - Apps like Looma are automating the savings process, opening up opportunities for similar solutions in other areas of finance.
3. Simplifying Banking - Solutions like Looma are making banking easier for consumers, presenting opportunities for startups in the financial services industry.
Industry Implications
1. Fintech - Innovative fintech startups can capitalize on the success of money-saving apps like Looma to disrupt the traditional banking industry.
2. Retail - Retailers could explore partnerships with money-saving apps like Looma to incentivize customers to shop with them.
3. Consumer Goods - Consumer goods companies could leverage the popularity of money-saving apps like Looma to offer discounts and promotions to users.
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