Play to Pay ~ How Gamification is Revolutionising Digital Banking
Gamification has become a powerful tool for banks and fintechs, transforming customer engagement, boosting loyalty, and enhancing the overall banking experience.
With AI-driven insights, gamification goes beyond just rewards; it empowers customers to better understand and manage their finances, improving financial literacy. In an increasingly crowded digital banking landscape, where neobanks, traditional banks, and fintechs compete for customer attention, gamification offers a strategic edge. By integrating game mechanics into banking apps, financial institutions can create more engaging, rewarding, and interactive experiences that set them apart.
What Makes Gamification?
The game mechanics that are commonplace across examples of gamification include:
-
Rewards: Incentives such as cashback, discounts, or exclusive perks can encourage users to engage with financial services more regularly.
-
Challenges: Time-sensitive or goal-based tasks, such as spending a certain amount within a period or hitting a savings target, can keep users motivated and engaged.
-
Progress Tracking: Visual indicators like progress bars, spending milestones, or savings goals can provide users with a sense of accomplishment, reinforce positive financial habits, and encourage continued engagement.
-
Leaderboards: Ranking systems that display top-performing users based on specific criteria, such as savings streaks or transaction volume, foster friendly competition, and enhance user participation and engagement.
-
Badges: Digital achievements earned by completing specific financial actions, like setting up direct debits, using digital wallets, or reaching savings goals can serve as milestones, reinforcing continued usage.

Source: Juniper Research
Monobank, a neobank that was recently ranked #1 in our Fintech Future Leaders 100, presents one of the most elaborate examples of gamification in the market.
Monobank’s in-app experience is led by a playful cat mascot to create a fun and engaging experience. Its high-level of customisation allows users to personalise their achievement and rewards, further incentivising users to unlock more badges and features. Monobank offers up to 51 achievement badges for completing tasks like filling out their profile or using Apple Pay.
Revolut is another great example of gamification in practice. Revolut is one of the most disruptive challenger banks, which is set to further disrupt the digital banking landscape following its recent acquisition of a UK banking licence alongside its fast growth.
Revolut’s gamification strategy centres around its RevPoints system. Revolut uses a leaderboard to display users’ points and foster competition among users. Users can earn points by making transactions, inviting friends, or participating in challenges; points can be redeemed for rewards or used to enter raffles for cash prizes.
A different example is Aspiration. Aspiration is a ‘climate friendly’ consumer fintech platform founded in 2013. Aspiration offers consumers financial solutions that strive to help combat climate change, and enables users to join in collective action.
Aspiration offers consumers cashback and rewards when purchasing from eco-friendly merchants. Through its Green Marketplace, customers can gain up to 6% cash back on climate-friendly brands, including Patagonia, Thrive Market, Who Gives A Crap, Tesla Supercharger, Misfits Market, and Pact. Aspiration’s marketplace motivates users to make more environmentally conscious decisions.
Implementing Gamification
Simply rolling out a one-size-fits-all scheme is insufficient on its own; banks must deliberately develop and execute a well-crafted gamification strategy. This strategy should effectively incorporate game mechanics which thoughtfully address customers' psychological needs and preferences.
The most successful gamification strategies found across banking apps focus on increasing customer engagement, to motivate users to use the app. However, these tasks need to be proven to be stimulating and effectively release dopamine. This can be achieved by making sure rewards and prizes create satisfaction and monitoring whether this drives users’ continued engagement.
Points and progress bars can be used, to play on customers’ reluctance to lose progress and encourage continued effort towards the goal. Furthermore, banks should aim to make their gamification deeply immersive, with the aim of inducing a ‘flow state’ which can make financial management tasks more enjoyable and engaging.
Gamification can be utilised to enhance financial literacy, by making educational content more interactive. This includes quizzes and simulations - which can teach users how to budget, save, and invest in an engaging manner. Digital banks can leverage AI and data analytics to personalise gamification based on user behaviour and preferences. This tailored approach increases use, satisfaction, and encourages more active participation in financial management.
Future Trends in Banking Gamification
As seen with Aspiration, there is a growing trend towards incorporating sustainability into gamification strategies, which appeals to eco-conscious consumers and promotes an environmentally friendly lifestyle.
To build on this, AI is becoming increasingly common across gamification – being utilised to create personalised solutions tailored to customer-specific needs. The future of gamification is anticipated to scale up into mega financial platforms, integrating a wide range of financial services with gamified elements. This is driven by the need to create a comprehensive and engaging financial system, where banks will need to address key challenges such as sustaining engagement overtime. Successful gamification will balance fun and seriousness, whilst ensuring transparency and fairness across rewards and challenges.
In conclusion, for digital banks to successfully unlock the full power of gamification they require an elaborate strategy that not only leverages game mechanics but also deeply understands consumer psychology and needs.
By focusing on creating satisfying and immersive experiences, banks can effectively motivate users to manage finances more actively. The integration of gamification with educational content can be used as an effective tool to boost financial literacy, while AI-driven personalisation ensures a tailored experience, promoting user satisfaction.
Ultimately, the most successful gamification will be those that successfully deliver fun, learning, transparency and fairness, creating a holistic financial ecosystem that sustains engagement over time.
As a member of Juniper Research’s Fintech & Payments team, Dan analyses developments in financial and payments markets, and how these interplay with emerging technologies, such as blockchain and AI. His recent reports include QR Code Payments, Fintech Future Leaders 100, and KYC/KYB Systems.
Latest research, whitepapers & press releases
-
ReportFebruary 2026Telecoms & ConnectivityMobile Messaging Market: 2026-2030Juniper Research’s Mobile Messaging research suite provides mobile messaging vendors, mobile network operators, and enterprises with intelligence on how to capitalise on changing market dynamics within the mobile messaging market.
VIEW -
ReportFebruary 2026Fintech & PaymentsKYC/KYB Systems Market: 2026-2030Our KYC/KYB Systems research suite provides a detailed and insightful analysis of an evolving market; enabling stakeholders such as financial institutions, eCommerce platforms, regulatory agencies and technology vendors to understand future growth, key trends and the competitive environment.
VIEW -
ReportFebruary 2026Telecoms & ConnectivityRCS for Business: 2026-2030Our comprehensive RCS for Business research suite provides an in‑depth evaluation of a market poised for rapid expansion over the next five years. It equips stakeholders with clear insight into the most significant opportunities emerging over the next two years.
VIEW -
ReportFebruary 2026Fintech & PaymentsMobile Money in Emerging Markets: 2026-2030Our Mobile Money in Emerging Markets research report provides detailed evaluation and analysis of the ways in which the mobile financial services space is evolving and developing.
VIEW -
ReportJanuary 2026IoT & Emerging TechnologyPost-quantum Cryptography Market: 2026-2035Juniper Research’s Post-quantum Cryptography (PQC) research suite provides a comprehensive and insightful analysis of this market; enabling stakeholders, including PQC-enabled platform providers, specialists, cybersecurity consultancies, and many others, to understand future growth, key trends, and the competitive environment.
VIEW -
ReportJanuary 2026Telecoms & ConnectivityMVNO in a Box Market: 2026-2030Juniper Research’s MVNO in a Box research suite provides Mobile Virtual Network Enablers, Mobile Virtual Network Aggregators, and other players with detailed analysis and strategic recommendations for monetising demand for MVNO in a Box services.
VIEW
-
WhitepaperFebruary 2026Telecoms & ConnectivityHow Social Media Will Disrupt Mobile Messaging Channels in 2026
Our complimentary whitepaper, How Social Media Will Disrupt Mobile Messaging Channels in 2026, explores the challenges and opportunities for operators and enterprises as social media traffic continues to increase.
VIEW -
WhitepaperFebruary 2026Telecoms & ConnectivityProtecting Users from Scam Ads: A Call for Social Media Platform Accountability
In this new whitepaper commissioned by Revolut, Juniper Research examines how scam advertising has become embedded across major social media platforms, quantifies the scale of user exposure and financial harm, and explains why current detection and enforcement measures are failing to keep pace.
VIEW -
WhitepaperFebruary 2026Fintech & PaymentsKnow Your Agents (KYA): The Next Frontier in KYC/KYB Systems
Our complimentary whitepaper, Know Your Agents (KYA): The Next Frontier in KYC/KYB Systems, examines the state of the KYC/KYB systems market; considering the impact of regulatory development, emerging risk factors such as identity enabled fraud, and how identity and business verification is evolving beyond traditional customer and merchant onboarding toward agent-level governance.
VIEW -
WhitepaperFebruary 2026Telecoms & Connectivity3 Key Strategies for Capitalising on RCS Growth in 2026
Our complimentary whitepaper, 3 Key Strategies for Capitalising on RCS Growth in 2026, explores key trends shaping the RCS for Business market and outlines how mobile operators and platforms can accelerate adoption and maximise revenue over the next 12 months.
VIEW -
WhitepaperFebruary 2026Fintech & PaymentsThe Next Steps for Mobile Money – Interoperability and Openness
Our complimentary whitepaper, The Next Steps for Mobile Money – Interoperability and Openness, analyses how interoperability and open platforms can drive new growth opportunities through partnerships with key stakeholders.
VIEW -
WhitepaperJanuary 2026IoT & Emerging TechnologyPreparing for Q-Day: Post-quantum Security Shift
Our complimentary whitepaper, Preparing for Q-Day: Post-quantum Security Shift, assesses the factors which are increasing interest in adopting PQC, and challenges to PQC adoption. Additionally, it includes a forecast summary of the global spend on PQC by 2035.
VIEW
-
Telecoms & Connectivity
MVNO Subscriber Revenue to Exceed $50 Billion Globally in 2030
March 2026 -
Fintech & Payments
QUBE Events is excited to bring back the 24th NextGen Payments & RegTech Forum - Switzerland
February 2026 -
Telecoms & Connectivity
OTT Messaging Apps to Exceed 5 Billion Users Globally by 2028; Driving Shift in Enterprise Communication Strategies
February 2026 -
Fintech & Payments
Calling All Fintech & Payment Innovators: Future Digital Awards Now Open for 2026
February 2026 -
Telecoms & Connectivity
Operator RCS for Business Revenue to Reach $3 Billion Globally by 2027, Growing 150% in Two Years
February 2026 -
Fintech & Payments
KYC & KYB Systems Spend Outside Financial Sector to Grow 105% by 2030 Globally, as KYC Moves Beyond Banking
February 2026