A flurry of mobile budgeting apps for children has sprung up worldwide: GoHenry, Osper, Gimi and now Revolut Youth, to name a few.
London Children may not be stashing coins in piggy banks for much longer; with the move towards a cashless society, pocket money is moving digital.
To reflect this trend, a flurry of mobile budgeting apps for children has sprung up worldwide: GoHenry, Osper and Gimi to name a few. These apps offer a simple money management service for children, often for a monthly subscription fee paid by the parents. Parents can add money to children's accounts, set limits and monitor transactions, while children can choose to save their money or spend it using a prepaid card that works like a debit card.
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