Former Paytm executives Shankar Nath and Ankit Gera have founded a FinTech, Entrackr reports.
In Brief:
-
Junio offers a card to children that can be used to make purchases online and instore.
-
Parents control smart cards in an app.
-
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.