INSUBCONTINENT EXCLUSIVE:
Anybody who is older than 10 years old can create a Pixpay account, get a debit card and manage pocket money.Challenger banks are nothing
If you want to create an N26 or Revolut account, you need to be at least 18 years old
modern payment methods to teens so that you can ditch cash altogether
Parents and kids both download the Pixpay app to interact with the service.A few days after creating an account, your child receives a
notification with each transaction and restrict some features, such as limits, ATM withdrawals, online payments and payments abroad
Pixpay also lets you generate virtual cards for online payments.In addition to some spending analytics, users can create projects and set
money aside to buy an expensive thing after months of savings
Parents can also define an interest rate on a vault account to teach children how to save money
In the future, Pixpay wants to let teens collect money after a babysitting job for instance.As for parents, they can send money instantly
Eventually, the startup wants to let multiple parents manage the account of their child, which could be useful for separated couples.Pixpay
Payments and ATM withdrawals in the Eurozone are free
The company partners with Treezor, a banking-as-a-service platform that lets you generate cards and e-wallet accounts using an API.
