Property News · July 3, 2014

Debit card firms cash in on digital pocket money for kids


Children’s pre-paid cash cards can be handy but we risk creating a generation of mini-consumersShould children as young as eight be allowed to have their own MasterCard so they can shop online? TV presenter Davina McCall is endorsing a prepaid debit card launched this week that youngsters can use in shops and on websites, and to withdraw money from cash machines.Osper is a mobile-only banking service which it says will help the UK’s seven million eight to 18-year-olds by “instilling good money habits earlier in life”. Others might argue that it is training primary school children to be mini-consumers and bank customers. Continue reading…

Source : theguardian.com
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