On that path, Orange X presented “Frascos”a new savings feature that will be progressively available to all fintech clients during the month of September. It is an innovative financial product, unique in the Argentine market, which “arises from actively listening to clients and their needs to solve their daily finances,” the virtual wallet indicated.
With ““Jars” Users can separate their money by 7, 14 or 28 daysand remunerate a rate of up to 48% per year (or 3.9% per month).
In the event that savers need their money ahead of time, they can release it from the “Jars” whenever they want. In addition, people can create as many “Jars” as they want, according to their needs and deadlines, as well as categorize and name each jar according to the financial goal that users have to meet.
“We continue to work to bring our clients digital financial tools that allow them to organize themselves and make more efficient use of their money. ‘Frascos’ is a very simple tool and, at the same time, different from anything else on the market that allows the way in which people save and achieve their financial goals to evolve,” commented Juan Ignacio Talento, Chief Product Officer of Naranja X.
Bye bye fixed term: how do you create a “Jar” of Orange X?
- Access the button “Create Flask” from the app home page or within the “More” section.
- Select a category.
- Choose a name for your Jar and enter the amount you want to set aside.
- Choose a time period and the rate is displayed.
“We have designed an intuitive and effective experience that helps people manage their money intelligently, step by step. It is more than a way to save, it is a way to achieve their goals with clarity and confidence.”Talent added.
In a challenging economic context, “Frascos” is positioned as a practical solution for those seeking to grow their money and protect it from the impact of inflation. With this new feature, Naranja X responds to the needs of its customers, who are looking for tools to save, invest and fulfill their dreams, the fintech highlighted in a statement.
Source: Ambito
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