A Wearable Cuff to Influence South Africans to Save More Money

The wearable stylish cuff is known as Mna Nam and integrates a QR code that’s linked to your WeChat Savings Wallet, powered by South Africa’s banking group Standard Bank.

A Wearable Cuff to Influence South Africans to Save More Money

By Staff Writer

The wearables aren’t dead. They’re just shifting focus as the market grows.

“The wearables market is entering a new phase,” IDC Wearable’s team research manager Ramon T. Llamas, noted recently.

#MnaNam

Here’s a look back at one of the coolest Kats at the Vodacom Durban July @ Greyville Race Course – Katleho Sinivasan wearing the #MnaNam for him. (Photo Credit: Mna Nam)

“Since the market’s inception, it’s been a matter of getting a product out there to generate awareness and interest. Now it’s about getting the experience right – from the way the hardware looks and feels to how software collects, analyzes, and presents insightful data.”

In 2017, the IDC estimates vendors will ship a total of 125.5 million wearable devices, representing an increase of more than 20 percent compared to 2016.

Financial services firm Sanlam has collaborated with Laduma Ngxokolo to tap into this market and created a wearable cuff to improve the savings habit of South Africans.

Ngxokolo is an award winning South African textile and knitwear designer, who is best known for his men’s knitwear range inspired by traditional Xhosa beadwork.

The wearable stylish cuff is known as Mna Nam and integrates a QR code that’s linked to your WeChat Savings Wallet, powered by South Africa’s banking group Standard Bank.

“If you’ve made a couple of smart decisions or just feel like rewarding yourself, saving is only a scan of the QR code away.”

The Mna Nam is a subtle yet stylish enabler of more conscious saving decisions, so the more you use it, the more valuable it becomes.

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