Pocket money payment card for kids revealed

Retailers involved in this new way for kids to spend their money.
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A new payment card aims to help children save and spend their pocket money on toys.

Providing children with a contactless pre-paid VISA debit card, PKTMNY allows parents to add pocket money to the account, then set controls on where and how much their child can spend.

The system is "designed to help children take their first steps into managing their own money in a safe environment, that makes saving and spending visible and engaging for families".

The PKTMNY Shop, integrated within the platform, offers families access to "carefully selected, age appropriate retailers" including The Entertainer, Superdry, Hamleys, New Look, Zaavi and more.

Kids can use a mobile app to check their account.

The company also plans to develop a system that will give families access to special offers and discounts.

For more information, check out the PKTMNY website.

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