New Debit Card for Pre-Teens and Teenagers Launched on RuPay Platform – Check Features Here
Kid-focused FinTech startup Junio has launched a smart multi-purpose card for pre-teens and teenagers on the RuPay platform.
In a statement, the startup today said that ‘Junio RuPay Card’ has been designed for kids that can function as a debit card for both their online and offline purchases. Junio card allows children to make secure offline and online payments.
Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI said, “This Smart RuPay card will help young children in streamlining their expenses under the aegis of their parents. We believe this card will also empower young teens to carry out digital transactions at an early stage in their life.”
Kids and parents can sign-up on the Junio app, and use virtual Junio smart cards with zero annual charges. In addition, children can enjoy up to 7% cashback and other reward benefits on Junio payments, the statement said.
The company’s idea is to nurture healthy financial habits among kids from an early age and help them grow as financially independent adults, it added.