KUALA LUMPUR, Feb 14 (Bernama) -- Singapore-based financial technology (Fintech), Little Wallet aiming to enhance financial literacy amongst kids and teens in Southeast Asia has signed a partnership with Visa, under the Visa Fintech Fast Track Program.
Under the programme, Little Wallet will leverage and access Visa’s network and capabilities to grow card issuance in the region, as the programme provides fintech start-ups a dedicated expertise and support, faster onboarding and access to a growing partner network.
“We are incredibly excited to be part of the prestigious group of startups selected for the Visa Fintech Fast Track Program.
“Being accepted into this programme is a testament to Visa's endorsement of Little Wallet, further enhancing our customers' confidence in our offerings,” said Little Wallet founder, Rahul Sharma in a statement.
Meanwhile, Visa Country Manager of Vietnam and Laos, Dung Dang said: “Our partnership with Little Wallet to launch in Southeast Asia is timely, given the high interest observed from youngsters to build up their wealth, but seeing the gaps in not knowing where they can go to for reliable financial advice.”
Rahul, an ex-banker himself, with over 25 years of fintech experience, working for DBS, Deutsche Bank, was joined by Phoebe Tran, a tech executive with over 15 years of experience working for Facebook and Google in which the two met at the INSEAD Global Executive MBA programme.
Little Wallet offers a family banking app with a digital wallet whereby the smart ecosystem has features that promote healthy money habits to all generations, thus fostering financial wellbeing for the entire family.
The app guides parents through the basics of money fundamentals and also is one of the firsts to introduce the concept of “Save Now, Buy Later” to teach kids the importance of saving.
Little Wallet, unlike the unintuitive banking apps of today, gamifies and visualises all aspects of banking to make it fun and engaging, whilst enabling full parenting oversight and controls in place.
-- BERNAMA
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