Cash is king but peer-to-peer (P2P) payment became popular during the pandemic (Twint in Switzerland).
For financial service providers who do not want to leave the future to chance.
* Gen Z: born 1997 - 2012
Alpha: born 2010 - ca. 2022
Cushman & Wakefield (2020), Demographic Shifts: The World in 2030
Safe space and contextual support in acquiring financial skills
Privacy for teens
Same experience as paying with cash, but with a debit card
Supervision & safety net
Adjustable levels of safety and supervision depending on maturity and sense of responsibility of teens
Shared parent money pot
For everyday expenses that are not covered by pocket money
"Privacy in the app is cool - I can buy my mom a gift without her knowing."
– Teenager (11)
"I feel bad because my child has to break into the piggy bank for buying milk because I have no cash at hand anymore."
– Parent of teenager
"In the current banking app, I have to tap so much. Whereas in the Kids Banking app, I can see right away how much money I have."
– Teenager (14)
“Where can I download the Kids Banking App?”
– Mother of two Teenager