Today, Savii, a financial platform for teenagers and young adults, announced the formal launch of its product in the UAE. Through Savii, teenagers and young adults may make payments on their own credit cards thanks to the brand’s teen-focused banking app and Visa prepaid card.
The program now allows parents to send money to their teenagers instantaneously, greatly simplifying the process of giving out monthly allowances. Savii also lets parents see every transaction their child has done, allowing them to keep track of their child’s finances.
“We have designed a product with the worries and concerns of the parents in mind, and we managed to bring to the market a product that will bring financial independence to the teenagers while parents can be at peace that the systems in place are designed to protect the identity and financial security of their kids. We partnered with the best in the market at Visa to create a truly secure card,” said Nichola Collinson, co-founder of Savii.
Image Credit: Savii
