Children getting to grips with important money management skills will have to get used to the reliance today on contactless wallet payments, as well as traditional methods. PowerKids App delivers the first biometric digital wallet aimed at children.
Power Dynamic Technology, a pioneering tech company from Romania behind the launch of the PowerKids App, has introduced a pioneering approach to financial literacy, with each child’s unique facial recognition to complete transactions.
This seamless technology “empowers kids to experience real-world financial transactions in a secure and controlled environment”, the announcement read.
Parents can set up each child account and generate unique QR codes, enabling them to supervise spending, set transaction limits, and guide their children’s first financial decisions.
The PowerKids App is now available for download on European app stores, supporting children to develop healthy money habits.
“Our mission is to provide families with tools that not only simplify financial transactions but also educate and empower the next generation. With PowerKids, we’re taking a significant step towards that goal,” said a spokesperson from Power Dynamic Technology.
PowerKids is part of the SecureID Biometric Digital Wallet platform, aligning with Europe’s digital transformation initiatives for secure and interoperable identification online. PowerKids App will empower individuals with a digital identity recognised across all EU member states.
