Ageless Banking with Best Neo Bank In India - Muvin

1. AGELESS BANKING WITH MUVIN NEO BANK: HERE’S ALL YOU NEED TO KNOW The world is seeing a rapid rise in technology-driven services across sectors, be it information technology, medicine or even finance. With the advent of digitization in India, the financial industry finds itself amid profound transformation and is seeing the emerging phase of new-age banking. The rise of digital banking and contactless payments in India has resulted in a subsequent shift towards wallets, contactless cards, digital payment apps, and other financial products and while we consistently explore the need for digital literacy amongst adults, it is duly imperative for kids to have an understanding of finances and banking as well. India itself has more than 200 million teenagers and young adults, making it one of the core markets in the world. Driven by the massive demand for teenagers and parents, the neo-banking industry is also expected to grow exponentially. With an aim to enable teenagers and young adults to gain financial literacy and independence, muvin neobank endeavors to bring the best of a smooth, neo-banking experience with the help of an instant zero balance saving accounts, credit products, and micro-investments. The brainchild of the founders - Mukund Rao and Vineet Gupta, muvin brings together a wide array of financial products through an easy-to-understand and use, intuitive, friction-free, gamified, and education-powered experience. muvin enables you to experience a new way of banking for your children through a digital savings account that comes with all the features and perks you would otherwise receive from a bank account. Moreover, this youth savings account can easily be opened from the convenience of your home! muvin also offers a one-of-a-kind prepaid debit card for kids, muvinCard, that lets your children get the best of both worlds - online and offline payments. It provides the convenience of virtual card online payments and the power of a contactless card while making payments offline. To provide a seamless experience to both the kids and the parents, muvin has devised a mobile app that lets the parents set up an easy-access digital account within five minutes. The children get access to their own contactless transaction cards with category-based spending limits and enhanced security features. Through this, muvin aims to build the essence of financial independence and literacy and encourage them to save money through pre-defined savings goals effectively and smartly. Not only does muvin let your children and you categorize the spending but it also allows you to analyze the transactions, to let you understand where the money is being spent. It also enables you to get transaction alerts in real-time whilst setting transaction limits to manage the spending and develop responsible financial habits in your children. Furthermore, muvin holds a long-term vision to make education more feasible by reducing the financial stress on parents, through the conversion of annual school fees into a monthly EMI. It also aims to

2. introduce educational loans to empower parents in helping their children enroll themselves within a top-tier educational institution. To make the muvin app more user-friendly and engaging, it lets the children learn and gain financial literacy as they make transactions, save, and achieve goals on the application. The platform also gives personalized rewards and offers based on the user’s interests and preferences. Visit muvin to know more and get a super-easy and fun bank account for your kids now! Original Source - https://www.muvin.in/blog/1deElqZR67kYYmOKCsapIn