Updated: Nov 7
We are thrilled to share a press release issued by German Sparkassenstiftung (DSIK) about our collaboration for developing a mobile budget planner, Re21.
ThitsaWorks is a long-term partner of the German Sparkassenstiftung in Myanmar. ThitsaWorks and DSIK have been working together successfully for years in the area of financial literacy - especially in relation to World Savings Day. In this context, DSIK, together with ThitsaWorks, developed a mobile app that allows users to better manage their financial resources and keep track of them. This is the idea behind the newly launched app, “Re21”.
The app is finally introduced as a result of successful collaboration between the teams. ThitsaWorks was in charge of technical-related development, while German Sparkassenstiftung contributed expertise and collaboration support. Based on the well-known 21/90 rule, Re21 is more than an ordinary budget planner. It acts as a financial coach who helps people form better financial habits so that they can have better financial resilience, stick to their budget and reach their financial goals.
Re21 users can track spending habits, plan how much to spend each month, and set saving goals. They can also use the coach feature to enhance their digital financial literacy by following the 21-day challenges. The App also provides information regarding the branch offices of financial institutions.
For both ThitsaWorks and DSIK, the motivation for developing the app was to help users become more resilient - especially in difficult economic times. Re21 can be extended to integrate with other digital financial systems enabling cutting-edge solutions to be built within the app, such as enabling microfinance institutions to acquire new clients digitally.
Re21 was launched in the first half of 2022. The use of the app is currently limited to Myanmar. The App now supports English and Burmese languages, with more languages to come in the future.
For more information, please refer to the official website of the Re21.
Video introduction of Re21 can be found in this link (Burmese)
Source: German Sparkassenstiftung ASIA