A fintech company, Schoolable, has said its newly introduced application solution, ‘Little’, will allow parents and guardians to seamlessly give their children and wards pocket money as well as monitor their spending habits.
According to the chief operating officer, Schoolable, Angela Essien, at the unveiling of the card application, said Little would catch them young with its offering by bridging the gap between financial education and financial independence.
According to her, Little is a solution that allows parents to seamlessly give their children pocket money and it comes with a debit card for children.
Essien said, “Little is essentially a pocket money card. It comes with a personalised debit card with a security pin, for children aged nine and above to use and a mobile app for the parents to send money, monitor and set boundaries.
“Parents with children can deposit money into this wallet and their kids have access to it for needs within and/or outside school premises. With these cards, kids can make tuition payments, buy food and snacks, and withdraw cash.
“Little app allows parents to limit the places where the card can be used and block inappropriate transactions, and also provides convenience for parents with children in boarding schools as they no longer need to travel long distances to provide money for their children.