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Normally, the kids ask for money to buy some important things, but you cannot track where they are spending it. But, now you will be able to monitor and control your child’s spending. Thanks to a new mobile app.

A Delhi-based fintech firm First Pay Technologies has launched a new pocket money app called Junio.

“The app puts children within a budgetary framework and they learn to manage with limited resources (money),” Getting You Rich Founder and CEO Rohit Shah said.

They can also learn other banking tasks like maintaining bank passbooks, verifying transactions, and deposit cheques.

This could be a good learning experience for children at a young age.

How Does It Work?

The parent needs to download the app, and along with it, comes a charge card, which is backed by RBL Bank and Mastercard.

Every time the child spends swiping this card, the parent gets the alert on the app.

The parents can load up to a maximum of Rs 10,000 a month after completing a part of the Know Your Customer process.

A full KYC enables you to transfer up to Rs 1 lakh a month.

“You don’t need to have an account with RBL bank. You can transfer money from any account using your net banking, debit card, or BHIM Unified Payments Interface. There is a monthly fee of Rs 99. But it is reversed after the first monthly transaction,” Junio Co-Founder Ankit Gera said.

The app is available on the Google Play store for android users. Apple iOS users will have to wait for some more time.


One of the disadvantages of the app is that the parents must monitor the spending habits of their children. Otherwise, the whole purpose of the app gets defeated.

If they don’t monitor, then it will be the same as giving money to your kids like any usual pocket-money transaction.

Another disadvantage of the app is that you cannot transfer the money to your savings account if you cancel the card while having some balance.

You will need to either withdraw or spend the sum, before canceling the card.

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