After demonetisation, the Covid-19 lockdown has created us realise the significance of digital payment in a really hard way. With on the web marketplaces gaining reputation, ease of generating payments, transferring dollars and escalating acceptability of digital payments have created it an indispensable payment mode.
As a outcome, you can not ignore it though providing pocket dollars to your kids. Not only will it decrease the opportunity of the children losing money, but will also aid you monitor the transactions created by the kids.
Now you may well empower your kids with digital payment choice with a handle on spending, immediately after the launch of Junio, a kid-focused digital pocket dollars app, that not only enables kids – in their pre-teens and teens – to make purchases with their Junio intelligent card, but also enables parents to develop in-app every day tasks for their children and tie them with perks.
The launch of the initially-of-its-sort kid-focused digital pocket dollars app comes quickly immediately after the Delhi-based digital pocket dollars startup raised Rs 10 crore in its Angel Round final month.
Co-founded by former Paytm alumni Shankar Nath and Ankit Gera in September 2020, the aim is to allow children to take charge of their personal pocket dollars and savings with the aid of their parents. Further, the concept is to nurture economic expertise and discipline in them at an early age.
Just junk that ‘risky’ debit card you may well nevertheless withdraw dollars, shop online
Apart from enabling immediate pocket dollars transfer, the app also aids the parents to hold a track of the spending created by kids and to hold complete handle with the characteristics such as setting ATM withdrawal limits and flexibility of canceling the card at any moment making use of the app.
Speaking on the launch, Ankit Gera, Co-founder Junio mentioned, “ A child focused payment platform is a new concept in India and a space that is unexplored. Now, as we are moving towards a cashless economy, the popularity of the digital payments space will grow more than ever before in the years to come. We are thrilled to launch a first-ever kids-focused digital pocket money app in the country. Our aim is to meet the needs of young digital natives who are inclined towards a cash free world. At the same time, we feel it is important that children learn about money management during their formative years. With the launch of Junio, we envision creating a community of financially smart and empowered young generation.”
In the initially year, the startup targets to have a month-to-month active base of 2 lakh Junio card customers in India, and aims to have 5 million customers in the coming 3-4 years.