Skip to main content
Go to the home page of the European Commission (opens in new window)
English English
CORDIS - EU research results
CORDIS

Savings Loyalty System Based on Micro-Contributions from Retailers

Objective

PENSUMO overall objective is to enable a secure and robust platform for stimulating consumers to save for the long term by
an innovative reward system based on micro-contributions generated in every single purchase. Why self-management of
savings is becoming so important? Financial wellness is becoming a trendy concept especially when we think in our future.
While a majority of people agree that their governments will not be able to provide sufficient retirement funds, this realization
is not translated into action: according to global surveys, only 38% are saving for old age, only 50% have some kind of
financial plan in place, and nearly one in five do not know what will constitute their income in retirement. The European
Commission has published a White Paper on Adequate, Safe and Sustainable Pensions. PENSUMO is an innovative model
of commercial relationship between users and traders (retailers and branders) pursuing a two-fold purpose: (i) Customer
Savings for the future (long-term) from the micro-contributions the retailers made in the Savings Plan consumer every time
they buy in their associated shops. (ii) The biggest consequence of widespread use of this system among citizens, would be
the birth of a new pillar of the pension system, complementary to the Public systems, with the particularity that is free and
voluntary for beneficiary.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

You need to log in or register to use this function

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

See all projects funded under this funding scheme

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

See all projects funded under this call

Coordinator

PLATAFORMA DE FIDELIZACION PENSUMO SOCIEDAD LIMITADA
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
CALLE AUTONOMIA 7 EDIFICIO CIEM
50003 ZARAGOZA
Spain

See on map

SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Noreste Aragón Zaragoza
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
My booklet 0 0