Westpac: IMPULSE SAVER by Colenso BBDO Auckland for Westpac

Adsarchive » Promo » Westpac » Westpac: IMPULSE SAVER

Pin to Collection
Add a note
Industry Banking & Financial Services
Media Promo & PR
Market New Zealand
Agency Colenso BBDO Auckland
Executive Creative Director Nick Worthington
Art Director Sarah Frizzell
Copywriter Tom Paine
Designer Kate Slavin
Digital Creative Director Terry Williams-Willcock
Released June 2011

Awards

One Show 2012
One Show Interactive Mobile Applications/Sites / Services Merit

Credits & Description

Type of Entry: Product & Service
Category: Financial Products & Servcies
Advertiser/Client: WESTPAC
Product/Service: FINANCIAL SERVICES
Entrant Company: COLENSO BBDO Auckland, NEW ZEALAND
Sales Promotion/Advertising Agency: COLENSO BBDO Auckland, NEW ZEALAND
Executive Creative Director: Nick Worthington (Colenso BBDO)
Creative & Planner: James Hurman (Colenso BBDO)
Head of Digital Innovation: Adam Good (Colenso BBDO)
Digital Creative Director: Terry Williams-Willcock (Colenso BBDO)
Senior Digital Art Director: Pablo Dunovits (Colenso BBDO)
Art Director: Sarah Frizzell (Colenso BBDO)
Copywriter: Tom Paine (Colenso BBDO)
Creative Technologist: Matt Tizard (Colenso BBDO)
Digital Developer: David Wilcox (Colenso BBDO)
Group Account Director: Lou Kuegler (Colenso BBDO)
Account Director: Rebecca Richardson (Colenso BBDO)
Account Director: Marcelle Baker (Colenso BBDO)
Account Manager: Krystel Houghton (Colenso BBDO)
Agency Producer: Paul Courtney (Colenso BBDO)
Agency Producer: Sheridan Derby (Colenso BBDO)
Agency Producer: Rob Linkhorn (Colenso BBDO)
Digital Producer: Oli Moorman (Colenso BBDO)
Digital Producer: James McMullan (Colenso BBDO)
Designer: Kate Slavin (Colenso BBDO)
Idea Inspiration: Rory Sutherland (Ogilvy UK Vice-Chairman)
Describe how the promotion developed from concept to implementation:
Impulse Saver was launched late February 2011, and therefore measured brand, business or behavioural results are not yet available. However to date the Impulse Saver product has exceeded Westpac’s uptake target by 259%, with over a third of all Westpac Customers with iPhones downloading the app. In excess of $400,000 worth of free media coverage has been generated and continues to grow with coverage from all the major news channels (Primetime TV news and current affairs, leading national and local radio and newspapers). "This new product encouraging New Zealanders to save will do more to improve our brand reputation than traditional paid-advertising." - George Frazis, CEO, Westpac New Zealand Limited.
Describe the success of the promotion with both client and consumer including some quantifiable results:
In February 2011, we commissioned research into New Zealanders’ impulse spending habits. We found that each day, 4.2M Kiwis spend $16.1M on impulsive purchases like drinks and chocolate bars. Close Up, NZ’s leading prime time current affairs show, were so impressed that they decided to film their show with $16.1M cash as their back-drop. This PR stunt spear-headed the campaign followed by; • The app being launched on the app store. • Consecutive page press ads in weekend newspapers. • A 200 strong adshel campaign across NZ. • Advertising in true ‘impulse purchasing’ areas – the doors of iconic NZ shopping malls, with digital eyelites within the malls. • Online banners, including home page takeovers. • In-branch activity to encourage conversation at branch
Explain why the method of promotion was most relevant to the product or service:
New Zealand has a problem. We spend too much and save too little. The Government, media and even international credit rating agencies are talking about it. We tapped into one of the biggest conversations in New Zealand. And provided a solution. What if we could save as impulsively as we spend? Imagine a red button, and every time you press it you save. Now imagine that button in your pocket. Westpac’s Impulse Saver iPhone App is the world’s first impulse saving product from a bank. The idea created an enormous media conversation, positioning Westpac as the bank that was actually doing something to help their customers make better use of their money. "This new product encouraging New Zealanders to save will do more to improve our brand reputation than traditional paid-advertising." - Westpac CEO George Frazis. Westpac Impulse Saver. Helping New Zealanders save as impulsively as they spend.

The Promo / PR Ad titled Westpac: IMPULSE SAVER was done by Colenso BBDO Auckland advertising agency for Westpac in New Zealand. It was released in Jun 2011.