Pods Financials

Client
PODS Inc.
Role
UI/UX Designer
Timeframe
July 2021 - September 2021
Team
Olufemi Aghe (Developer)
Omoraiyewa Samuel (UX/UI Designer)
Overview
Pods Financials is a FinTech company formed to provide financial access and drive financial inclusion for both the banked and the underbanked using technology. Our focus is to deepen financial inclusion by creating a platform for enabling access to financial support for individuals. Through the platform, users can effortlessly navigate a spectrum of financial services, ranging from loan acquisition to savings management, all while enjoying a frictionless and secure digital experience. The designs was still in its early stages, so I had the opportunity to create new wireframes, prototypes, and build on existing features that would help potential users to save better.

Problems

Traditional savings groups have been successful for being affordable, there’s no transaction cost to participate and they are convenient. Due to their community-style formation, they are founded on trust.

Despite the success and benefits, there are certain problems that are emerging as the nature of communities evolve.

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Objectives/Goals

  • Optimizing the benefits of a saving group through mobile money, innovative cash management and increased communication.
  • Discovering through research the problems people face while participating in savings groups.
  • Creating a clean and modern user interface.
  • Creating an easy-to-use platform for optimum user experience.

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Research result

Research response from survey

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Research Conclusions

Despite the success and benefits of traditional savings groups, these are certain problems that are emerging as the nature of communities evolve based on the research results.

Trust

Trust is easily broken; if two members disagree, the entire group suffers. During and between group meetings, all members must have a high level of trust and communication.

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Inconvenience

Savings groups necessitate physical presence, which is not always feasible or convenient. It is difficult for a member to continue participating if they move away.

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Security Risk

There are also security concerns because one person holds the physical cash, usually in a box, while another person gives access. There is a high possibility that the money will be stolen, misplaced, or lost.

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Who are our users?

Our users are majorly students and the working class in Nigeria. Basically anyone that wants to save personally towards a goal or save wants to save in a group.

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Solution

After understanding the areas where saving groups lack and presents inefficiencies, we decided digitalizing the experience by injecting the benefits of mobile money technology into the savings group model can displace the inefficiencies that exists in trust, convenience and security while not compromising the benefits of savings groups.

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Showcase

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