Pi, originally named Habit, is a pioneering fintech app in Israel that offers cashback rewards to customers making purchases through participating retailers. As a new entrant in the market, Pi sought innovative ways to encourage app usage and loyalty among its users.
Pi faced the significant challenge of incentivizing users to consistently choose their platform for purchases in a competitive market. The primary goal was to increase both customer acquisition and retention through effective engagement strategies.
Our strategy centered around leveraging behavioral science, specifically the creation of behavioral loops and gamification techniques. We started by collaboratively defining the problem with the client. Following this, our team engaged in a parallel ideation process, applying discipline-specific best practices and conducting extensive literature reviews in social psychology and user experience.
Findings and Impact
The team then synthesized their findings into two main behavioral loop frameworks for Pi:
We translated these demonstrated behavioral models into practice via UX/UI in an array of ways, using intricate systems of incentives:
Pi is continuing to develop their app based on the recommendations and behavioral loops that we created, with a Q-led team working on the UX/UI design. Additionally, and in line with our design outline, the UX/UI consists of a simple dashboard that allows users to clearly see their current status, how they can earn more rewards, and view what their friends or other users are doing within the app. We also encourage users to stay active in the app by design: when users are inactive for periods of time, the color palette becomes monotone and dull. Users can see how much money they could earn if they buy now, which creates a sense of urgency.
Insights:
Q’s team was a real partner in our product discovery process. The interdisciplinary approach was a key for successful MVP.