This week The Drum Recommends: Commended is highlighting Cogent's work in raising awareness and engagement for Paym.
In this series, we explore the finest work created by The Drum Recommended agencies. We will highlight top case studies each week to guide and inspire you in your journey to select a new agency relationship.
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This case study and other interesting content can be found on Cogent's profile on The Drum Recommends.
Paym is a mobile payment service supported by the UK’s 15 major banks and building societies. It’s free to register, free to use, sits in your banking app, and allows users to make speedy payments via a recipient’s mobile number. It’s a simple way of paying people back without time-consuming bank transfers or hunting down a cash point. It was launched in 2014, but by late 2016, growth of new registrations and volume of transactions through the service had started to plateau. We were appointed to raise awareness of Paym and the service, increase new registrations, increase volume of payments, and increase the level of engagement with the brand.
However, we faced a number of challenges. The service is promoted under different names by the different participating banks. It's also hidden inside the participant banking apps, while the sign-up process and customer experience of the actual service varies significantly between participant banks and building societies.
Plus, there was a degree of scepticism and some trust issues towards banking products in general. This was, in part, due to "phishing" activity in recent years.
We introduced the strapline 'You've got it, so use it' as the creative theme to hold together all brand led and tactical campaign activity. For example, the ‘Pocket Dance’ campaign targets both existing and new users. It puts both the location of the service (your mobile phone) and a common usage occasion (don’t get caught out doing the pocket dance to find your wallet to pay back your mates!) at its heart.
Online engagement uplift of 891% YOY.
More money was transferred via Paym in 2017 than in 2014, 2015 and 2016 combined.
Over 1.5 million views of film assets across YouTube combined.