Virtual Piggy is Launching a Family-Focused Mobile Banking Solution

By: Laura McQuarrie - Feb 17, 2017
References: virtualpiggy & nfcworld
Virtual Piggy describes itself as a "family-focused mobile banking solution" that is designed to teach children money management skills that will last them a lifetime.

The P2P payment service is currently undergoing Beta tests, and ultimately, the platform is set to "[offer] the ability for children to learn how to use the payment tools of the digital economy," within the limits that the built-in parental controls allow. The mobile payment platform for children is set to teach a new generation about responsibly managing their money from a young age—which is one of the most valuable skills to have throughout one's adult life.

Teaching financial literacy to children is a project that many banks and payment services are taking on in the hopes of educating and empowering the next generation.