Digital Banking

Digital banks market cash cards for kids

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November 19, 2020

U.K. digital bank, Starling, has launched a children's debit card, Starling Kite, making it one of many new fintech offerings aimed at children and teenagers, according to a report from Yahoo Finance.

Starling's Kite card allows parents to transfer money to their children's account, set spending limits and receive notifications of their purchases.

It rivals similar products from GoHenry and Monzo in the U.K., while in the U.S., fintechs Greenlight, Step and Copper are also trying to capture a share of the youth market.