We hear a lot about the coming of the cashless society, with
wave and pay stickers, apps that let you ping money to each
other and more innovations trumpeting that if cash is king, then
the king is dead. But while children are growing up in this
brave new world, they are denied access to it. Unless you have a
credit or debit card, you can’t pay for a single MP3. So what’s
the solution? Well one company thinks it’s giving children as
young as eight their own debit cards. Pktmny – which launched
this week – offers children between the ages of eight and 16 a
contactless prepaid Visa debit card. Parents can personalise the
card for their children and set controls on where and how much
they can spend on it. You can read more of the details on the
“how it works” section of pktmny site. You can set up a standing
order to add money to the card on a weekly or monthly basis,
while friends and relatives can also add money to the account.
The people behind it also have smartphone apps planned that
allow children to see t