Yeah we actually studied the FNB program when we were setting out to develop Yotta. Basically, it got shut down because it got so popular in its ~2 years of operation and was taking away from the National Lottery.
The difference in the U.S is that there has been legislation explicitly supporting prize-linked savings, which didn't exist in South Africa. It was more of a grey area there.
The difference in the U.S is that there has been legislation explicitly supporting prize-linked savings, which didn't exist in South Africa. It was more of a grey area there.
A great academic read on the FNB MaMa program here: http://beniverson.org/papers/MaMa.pdf