In a Cashless Society, New Digital Kids’ Banking Apps Catch On
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 8 January 2020
⏱️ 6 minutes
🧾️ Download transcript
Summary
Today is Wednesday, January 8, and we’re looking at Greenlight vs. GoHenry.
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Transcript
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| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
| 0:04.8 | Join Wonderly Plus in the Wondery app or on Apple Podcasts. |
| 0:08.5 | If you or someone you care about has cancer, |
| 0:11.5 | Macmillan Cancer Support's online community is here to help from day one. |
| 0:16.1 | Macmillan's free online forum provides a safe space to get support from both experts and others who've been |
| 0:22.0 | there. Members support each other anonymously, sharing what's helped them on a range of subjects, |
| 0:27.5 | from dealing with side effects such as hair loss and fatigue, to money worries and managing work, |
| 0:32.9 | or talking with children about a diagnosis. There are different forums on cancer types or experiences, |
| 0:39.0 | opportunities to ask an expert, and blog posts. |
| 0:42.0 | Find support 24-7 from people who get what it's like to have cancer. |
| 0:46.7 | To join, search McMillan online community. |
| 0:49.3 | One, three. |
| 1:08.5 | The From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, January 8th. |
| 1:12.0 | If you've made a New Year's resolution to teach your kids how to handle money, |
| 1:16.2 | you might consider a new kind of tool, digital banks for children. |
| 1:20.7 | A growing number of startup banking apps now argue that in a cashless society, |
| 1:24.6 | it's important to teach kids how to manage money the same way adults do. |
| 1:25.6 | Digitally. |
| 1:29.3 | The best-known kids banks, Greenlight, FAMZU, Go-Henry, |
| 1:34.8 | and Current issue prepaid debit cards along with money management apps for both children and parents. |
| 1:39.3 | In most cases, the apps offer ways for parents to divide their kids' money into buckets, |
| 1:45.3 | some for spending, some for giving a charity, and some for saving. Parents are largely in charge. |
... |
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