Pocket money apps aim to help kids in cashless world

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Pocket money apps aim to help kids in cashless world

Paddy Kelly and his daughter Ailish use Gohenry, one of a wave of digital banking apps for children, in London. A wave of digital pocket money apps that come with prepaid cards are new tools for financial education as money increasingly goes digital, in a shift that’s raising uncertainty about how cashless transactions affect youngsters’ view of money.

Pocket money apps aim to help kids in cashless world

Paddy Kelly and his daughter Ailish use Gohenry, one of a wave of digital banking apps for children, in London. A wave of digital pocket money apps that come with prepaid cards are new tools for financial education as money increasingly goes digital, in a shift that’s raising uncertainty about how cashless transactions affect youngsters’ view of money.

Pocket money apps aim to help kids in cashless world

Alex Zivoder, CEO of Gohenry, a digital banking startup aimed at children, holds up a sample of the prepaid debit cards that the app comes with, in London. A wave of digital pocket money apps that come with prepaid cards are new tools for financial education as money increasingly goes digital, in a shift that’s raising uncertainty about how cashless transactions affect youngsters’ view of money.
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