2022 Special: Top 5 Smart Cards to gift your child this New Year

HomeFeature2022 Special: Top 5 Smart Cards to gift your child this New Year

The New Year is almost around the corner and finding a perfect New Year gift for loved ones has never been an easy task. Your precious relationships with your kids are attributed to a year of vivid feelings. As we come to the end of this beautiful year, why not give your child a token that makes their year unforgettable and memorable?

Gifting dinosaur toys, racing cars, and Barbie doll sets is old school now. This new year, give your child the gift of financial literacy. So here is the list of top 5 smart cards that you can gift to your kids that impart financial discipline and teach money management to them:



Junio is a kid-focused smart card and app that lets children below 18 years to make online and offline purchases. Co-founded by former Paytm Senior Vice President Shankar Nath and Ankit Gera, it is based on the concept of pocket money. For using this card, a child does not need a bank account and parents can set online expenditure and cash withdrawal limits from the ATM, so that kids can only spend the amount loaded on the card. The card has a limit of Rs 10,000 per month with a minimum KYC, while Rs 5,000 is the daily limit on the Junio card.

A full KYC enables one to transfer up to Rs 1 lakh a month. The app also gives real-time notifications when the child uses the card and you can keep track of the spending. You can also create in-app tasks for them and give children a reward in the form of extra pocket money.

Also Read Junio Review: Pocket money made smarter with this platform



This card offers a cashless facility for teenagers with a numberless card, FamCard. It is a debit card that minors can use to make online (UPI & P2P) and offline payments without a bank account. Co-founded in 2019 by IIT Roorkee graduates, Kush Taneja and Sambhav Jain. The card has no numbers on it as all the details are saved on the app, so the teens don’t have to refer to the physical card and there’s no fear of information theft in case it gets stolen or lost



Slonkit was co-founded by Javed Tapia and Murad Naithani. It is a reloadable prepaid Visa card linked to the mobile app, which allows parents to give a monthly allowance to kids. Available on Android and iOS, the app helps parents transfer money instantly, create budgets, set transaction limits, build guide rails, analyse the child’s spend across categories, and set alerts.



Fyp is a payment app and a numberless prepaid card for teenagers, with which they can make online and offline payments without setting up a bank account. India’s first holographic card, it comes with a one tap block feature on Fyp app. Founded by Kapil Banwari, it works in association with YES Bank and Visa and aims to help teenagers learn financial management and concepts.


Pencilton PencilCard

Pencilton offers virtual and physical RuPay debit card, PencilCard, to teenagers and students to help them manage their expenses while learning money management. The app lets parents give pocket money to kids, while keeping track of their expenses and teaching real-life money skills. Founded by Hyderabad-based techies, Pureti, Ashish Singh, Pallavi and Viraj Gadde, the card can be activated and managed via the Pencilton app.

Also Read: EsportsXO raises seed round of USD 1.1 million from We Founder Circle, Wami Capital, SOSV

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