South Africa’s Capitec Bank, has launched its Live Better Academy, a free financial education platform designed to help its more than 6.5 million digital customers with practical information and tools to improve their financial knowledge.
The courses offer practical tips and strategies to help people make smart financial decisions and achieve their goals when it comes to budgeting, repaying debt quicker, reducing spending or saving more for the future.
“We want to empower people to learn helpful money strategies and key financial principles in a simple and engaging way,” says Jean Rossouw, Head of Financial Education at Capitec.
The series can be completed on a smartphone, tablet or PC and requires less than 200MB to complete. Each course is broken into 16 to 20 modules that take between 5 to 10 minutes to complete.
The platform which is free, is gamified in order to keep the learning entertaining.
Users earn points and badges as they engage, complete courses and answer questions. A leader board ranks users according to their total points and users are encouraged to build their knowledge scores, thereby mastering content.
Each month until December 2020, five learners who complete a course will be rewarded with a ZAR1 000 cash prize.
In addition, a learner who completes all four courses have a chance to win the monthly ZAR10 000 grand prize (in the month that they complete their fourth course).