Service charges users when they don’t do their study, pays them when they do

Service charges users when they don’t do their study, pays them when they do

financial-services-snapshot-cover
Enjoy this article? You may also be interested in our Financial Services Innovation Snapshot >>
ga('send', 'event', 'Education', 'article', 'article-industry-impression', {nonInteraction: true});ga('send', 'event', 'Financial Services', 'article', 'article-industry-impression', {nonInteraction: true});

One way to motivate humans to do anything is to provide rewards when they achieve and punishment when they fail, which has been the basis of apps such as GymPact, the platform that uses money as a tool for stimulus for keeping fit. Reworking the model for students, StudyPact gives students financial prizes for completing a set amount of work each week, with penalties for missed deadlines.

financial-services-snapshot-cover
Enjoy this article? You may also be interested in our Financial Services Innovation Snapshot >>

Spotted another good idea???
Join our network and earn rewards

Add to my folders:

Select any pre-existing folders to add the current post to. Posts will be added to a 'default' folder if nothing is selected.

Create a new folder (Optional)

Separate with commas to add multiple folders. The current post is automatically added to any new folders you create (e.g. my new folder, my second folder).

Add

Remove from my folders

Below is a list of folders where the current post appears in. Select the folder you wish to remove it from.

Update