The online space wants your kids pocket-money, and it’s getting more competitive about it. Today sees the release of PKTMNY, where, as you might expect, kids can manage their finances under parental supervision. In addition to services you may have seen before, PKTMNY also provides an account for eight to sixteen year olds to have a contactless, pre-paid VISA debit card. The card settings can be personalised by parents to control where and how much their offspring can spend. It is also linked to an online platform with interactive, age appropriate tools are available to encourage learning about management, saving and spending. (I can think of a few adults who might benefit from something like this.) The service has been developed by a group of parents who noted that kids get left behind when it comes to cashless money. Indeed there is a need for kids to learn about how payment by plastic works and by starting early, there’s hope they might not get into trouble further down the line. (via PKTMNY launches out of beta to offer kids pre-paid debit cards and ways to manage their cash - The Next Web)

The online space wants your kids pocket-money, and it’s getting more competitive about it. Today sees the release of PKTMNY, where, as you might expect, kids can manage their finances under parental supervision. In addition to services you may have seen before, PKTMNY also provides an account for eight to sixteen year olds to have a contactless, pre-paid VISA debit card. The card settings can be personalised by parents to control where and how much their offspring can spend. It is also linked to an online platform with interactive, age appropriate tools are available to encourage learning about management, saving and spending. (I can think of a few adults who might benefit from something like this.) The service has been developed by a group of parents who noted that kids get left behind when it comes to cashless money. Indeed there is a need for kids to learn about how payment by plastic works and by starting early, there’s hope they might not get into trouble further down the line. (via PKTMNY launches out of beta to offer kids pre-paid debit cards and ways to manage their cash - The Next Web)

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