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White Paper: Family Wallet

Family Wallets

Financial literacy is one of the greatest challenges facing families across Europe today.

A 2020 study by the European Banking Authority (EBA) described educating children and young people in the sound management of personal finances as a “cornerstone of economic and societal stability.” 

This report also noted the importance of good personal financial management will only increase. From a bank point of view, developing financial literacy in younger age groups is socially responsible, and can help build customer use of your products plus loyalty to your brand and services.

Responding to this need, innovative fintechs and some forward-looking banks have begun offering customers family wallets that enable children to spend their money.

As the digital revolution continues, it’s clear tomorrow’s economy will not run on notes and coins…

For more information​, please contact:

Luka Čović
Senior Product Manager
Issuer & eSecurity Services, Nets CEE