Former Paytm executives Shankar Nath and Ankit Gera have founded a FinTech, Entrackr reports.
In Brief:
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Junio offers a card to children that can be used to make purchases online and instore.
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Parents control smart cards in an app.
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Chores can be assigned and linked to “perks”.
What does this mean?
Financial education is in focus at the moment with several challenger banks bringing out a children’s offering. It's hoped that exposing children to FinTech tools at a young age will help them understand money management. The chore aspect also helps with discipline and understanding the value of money.
