It turns out, that it’s rather a lot.
Recently, Australian payment platform Pygg released survey data on IOUs in Australia. They found that over a quarter of people surveyed would rather get root canal therapy than chase friends for money.
Yes, it’s that bad!
Aussies would rather throw way cash than chase friends for their money! Now, I know who to call the next time I need a quick loan.
It also found the majority of respondents (65%) were prepared to throw away at least $20 instead of having to chase a friend for the cash, with some saying they would even risk $100 to avoid the awkward follow-up.
Money is tight for everyone right now but for some reason, Aussies still find it awkward, annoying, frustrating or even too risky for their friendships to chase friends for cash.
Fortunately though, Pygg’s new iPhone and web app has come to the rescue of their shy souls. It manages the sensitive topic of chasing friends for money. The system manages the request and also follows up via email or SMS if payment isn’t made so you don’t have to.
Pygg aims to revolutionise mobile payments in Australia. Along with the new request payments function, Pygg is a bank agnostic way to make small payments to anyone, anywhere at any time.
All you need is a mobile number, email address or Twitter handle and payments are instant and free. No more BSB or account numbers. Paying anyone is as simple as sending an email or SMS, regardless of who you bank with.
So, if your New Year’s resolution is to get back the all the money you’re owed, consider a Pyggy option.
Image by zolierdos