Why are we reviewing rewards?As we launch the new pricing for bank transfers, we will also review the Rewards program to soften the impact of these new pricing changes, especially for business banking users. There are two major areas we want to address before the launch: New reward (cashback) amounts User experience Speed of rewards Rewards user experience
New rewards (cashback) amountsThe new rewards update from the Payments team will give the following cashback amount for bank transfers for the following account types: | 0-5000 | 5001-50,000 | 50,000 above | Cashback |
---|
Personal | N10 | N10 | N10 | N10 |
---|
Business without POS KYC level 3 and below | N10 | N10 | N10 | N10 |
---|
Business without POS KYC level 4 and above (Corporate Business) | N10 | N20 | N40 | N/A |
---|
Business with POS | N10 | N20 | N40 | Star Level Mega: N7 Super: N3 (50,000 above) |
---|
User experienceWe also conducted research a discovery exercise on the current user experience with a focus on the following key areas for potential improvement: Discoverability: How easy is locating the Rewards section on the dashboard? Speed of Cashback: How quickly do users receive feedback on a collected reward? Ease of Use: How easily do users monitor and cash out rewards? General experience: How seamless is the entire process of navigating and using rewards?
The results of the discovery can be seen below: Rewards UX discovery Plan |