In addition, Wonga Bazaar was voted the “Most Popular App” during last month's U.S. Department of Treasury contest, “My Money App Up”, searching for the “next generation mobile apps to help Americans shape their financial futures.”
“We have been amazed at the astounding popularity of the game,” said Kannan Mahalingam, CEO of myZantium. “It is our hope that by launching the app in the U.S. at one of the most noteworthy dates in the history of the financial markets, we can help better educate aspirants to the market about financial intricacies in a clever, fun and insightful manner.”
Wonga Bazaar allows players to experience the ups and downs of a village economy in an exotic and colorful marketplace. The game lets the player to buy or sell a versatile range of commodities in an authentic marketplace where market impacting events are delivered through a traditional drumbeat. By navigating the market impacting events, players gain a better understanding about indexes of inflation, savings, borrowing, diversification, impact of taxes on investment returns, price swings of an asset driven by supply and demand, and more.
Events in Wonga Bazaar range from the seasonal weather changes to the autocratic whims of the ruling royalty. The trader has to constantly make a choice between timing the market and holding a diversified portfolio of commodities, and navigating the challenges endured by a village economy.
”We were convinced there was an easy solution to making learning about the markets fun and easy,” pointed out Mahalingam. “The game was conceived to inspire financial creativity, where players can learn basic concepts of finance through role playing, and experience the fluctuations of a business cycle without bankrupting their 401(k). We wanted to create a game that would relate to the socially connected and mobile youngsters who can learn from their shared experiences.”
Wonga Bazaar, a free app, is available at the iTunes Game Store, and is compatible with iPad with iOS 4.0 or higher. The app can be downloaded by clicking
myZantium was founded in the Fall of 2009 in the aftermath of the financial crisis of 2008. The primary motivation behind myZantium was a desire to enhance financial literacy among young adults, and to provide a way to help them take charge of their own financial futures. The company is committed to developing innovative and engaging ways to teach young adults the basic concepts of investing, finance and economy through an experiential, joyous and mind stimulating adventure.