More cashless payment services for children are being made available in Japan, allowing parents to check their children\u2019s balances and spending history through an app to prevent excessive spending.<\/p>\n
They are also attracting attention as a financial education tool that helps children learn how to manage their allowances and spend money systematically as Japan becomes increasingly cashless.<\/p>\n
In July, Seven Bank began offering a prepaid card and a dedicated app for children age 6 or over. Parents can load their children\u2019s allowance onto the card via the app and review their spending history.<\/p>\n
Notifications are sent whenever the card is used. The app has a feature to send money to children as a reward for achieving goals, such as completing chores.<\/p>\n
\u201cWith cashless payments, it is difficult to realize that money is finite,\u201d a Seven Bank official said. The bank aims to help children develop decision-making skills by encouraging them to think about how to use a certain amount of money and earn rewards by completing tasks.<\/p>\n
\u201cWe\u2019re happy if children become Seven Bank customers in the future (after using this app),\u201d the official added.<\/p>\n
Sumitomo Mitsui Card has also introduced a prepaid card and a dedicated app called \u201cKazoku no Osaifu,\u201d which allows money transfers between family members and balance management.<\/p>\n
Rakuten Card offers a prepaid payment service for families via smartphones. Sony Bank issues debit cards that can be used by individuals age 12 or over for shopping if the account belongs to a family member.<\/p>\n","protected":false},"excerpt":{"rendered":"More cashless payment services for children are being made available in Japan, allowing parents to check their children\u2019s…\n","protected":false},"author":2,"featured_media":77804,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6460,402,29887,2515,8],"class_list":["post-77803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-apps","tag-banks","tag-cashless","tag-children","tag-japan"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/77803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=77803"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/77803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/77804"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=77803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=77803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=77803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}