10 questions and answers about subscriptions - Subaio

10 questions and answers about subscriptions

10 things about subscriptions

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Shin Woo Meineche

Shin Woo Meineche

is a Release Manager at Subaio. He has a master's degree in IT and specialises in technology, people, and everything in between. Follow him on LinkedIn.

Bicycles, groceries, music and, and, and… The subscription model is leveraging its pros and cons in every industry. Take the quiz and test your knowledge about the subscription space.

It’s becoming more and more common to find a subscription in your bank statement. Subaio is a subscription management service that gives you control of your subscriptions – straight through the interface of your bank. We’re live with multiple banks in several countries with thousands of consumers, and that’s why we have deep insights into the subscription space. Take the quiz and see how much you know about subscriptions.

Start the quiz!

1. How much has the subscription economy financially grown each year the last five years?

1. 50%
2. 100%
3. 150%

Source: McKinsey & Company, 2018.

2. How many subscriptions does an average person have?

1. 4
2. 6
3. 8

Source: Subaio, 2019.

3. How many people have a subscription they rarely use or have forgotten?

1. 30%
2. 45%
3. 60%

Source: Nordea, 2018.

4. What are the most common types of subscriptions that people have?

1. TV
2. Music
3. Books

Source: Subaio, 2019.

5. How much does an average European household spend on subscriptions per month?

1. 130 Euro
2. 150 Euro
3. 170 Euro

Source: ING, 2018.

6. How many people find it difficult or impossible to cancel a subscription?

1. 22%
2. 32%
3. 42%

Source: Creditcards.com, 2017.

7. Who is liable if a person falls into a subscription trap that starts to make unauthorized payments from that person’s account in Denmark?

1. The bank
2. The person
3. The state

Source: Danish Consumer Ombudsman, 2019.

8. How many people underestimate their recurring monthly expenses?

1. 51%
2. 72%
3. 84%

Source: West Monroe.

9. What does a person on average save each year by cancelling a subscription through Subaio?

1. 160 Euro
2. 210 Euro
3. 320 Euro

Source: Subaio, 2019.

10. What percentage of online shoppers subscribed to something in the past 12 months?

1. 31%
2. 41%
3. 51%

Source: McKinsey & Company, 2018.

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