In today’s digital age, educating teens about financial responsibility is crucial. Indian companies have created money management apps for teens, simplifying financial education. At Top 10s Only, discover the Top 10 Best Money Management Apps For Teens By Indian Companies. These apps help teens track spending, and savings, and learn budgeting, investing, and financial planning. They’re also valuable for parents, enabling supervision and support for their kids’ financial journeys and fostering responsible money management from a young age. Such Indian-made money management apps are the best example of Indian fintech and edutech companies applying the Atmanirbhar Bharat policy. Join us as we explore these fintech-powered tools that are touted as the best online payment apps for those under 18 in India. These apps are guaranteed to empower the next generation while offering parents peace of mind.
Check Out The Top 10 Money Management Apps For Teens By Indian Companies
Now, let’s take a closer look at the top 10 best technology money apps for teens and tweens in India by Indian companies and their unique features. From virtual allowances to investment guidance, each of these fintech-powered applications offers a distinct approach to financial education and management for teens. Whether it’s setting savings goals, learning about investments, or simply tracking spending, these are the best teen UPI apps for minors. This is because they provide diverse tools to cater to a wide range of financial needs and preferences among young users.
1. Good Good Piggy
Good Good Piggy
Introducing Good Good Piggy, an innovative digital piggy bank revolutionising financial education for children. This platform equips kids with essential financial knowledge, promoting responsible decision-making as they transition into adulthood. It helps distinguish between needs and wants and fosters responsible spending habits. Good Good Piggy, which ranks among the best Indian apps to learn money management skills, offers a secure online environment where children can learn about money under the guidance of their parents, ensuring that all activities and choices are age-appropriate. Good Good Piggy was even featured on Shark Tank India, showcasing its unique concept to prominent investors. Empower your teens with financial literacy through this cutting-edge app for their future financial well-being.
Website
Online Presence
https://www.instagram.com/goodgoodpiggy.app/?hl=en
https://www.facebook.com/goodgoodpiggy/
https://www.youtube.com/@goodgoodpiggy
Founder
Purva Aggarwal
Location Of HeadQuarters
New Delhi, India
History
The idea for creating the app is attributed to Purva Aggarwal, the visionary founder of Good Good Piggy. Established in 2021, Good Good Piggy is on a mission to empower parents and foster financial responsibility and healthy habits in children through an engaging platform, thus contributing to the development of a future-ready generation.
Advantages For Parents
- Improved financial education for children
- Enhanced control over allowances and spending
- Increased peace of mind about children’s financial habits
Advantages For Kids
- Offers thorough financial education
- Promotes responsible decision-making – needs vs. wants.
- Creates an enjoyable and interactive learning experience for children’s financial growth.
App Links
App Store
https://apps.apple.com/in/app/good-good-piggy/id1663820984
Google Play Store
https://play.google.com/store/apps/details?id=com.goodgoodpiggy
2. FamX By Trio
FamX By Trio
FamX by Trio, formerly known as FamPay, is an innovative money management app tailored exclusively for teenagers. In an era where financial literacy is of paramount importance, FamX stands at the forefront of promoting financial inclusion among the next generation. This innovative Spending Account offers teens the tools to save, spend, earn, and gain comprehensive insights into the intricacies of financial matters. Whether it’s mastering the art of saving, responsible spending, astute investing, or exploring diverse earning opportunities, FamX by Trio serves as a comprehensive solution for all your financial requirements, empowering every teenager to transform into a savvy financial expert.
Website
Online Presence
https://www.instagram.com/fam.india/?hl=en
https://www.youtube.com/@yougotfam
Founders
Kush Taneja and Sambhav Jain
Location Of HeadQuarters
Bengaluru, Karnataka, India
History
The app’s development originated from the collaboration of six friends who initially worked out of a single-bedroom apartment.Established in August 2019, FamPay has embarked on an incredible journey marked by remarkable growth, now counting a team of over 130 individuals and making a substantial impact nationwide. The core mission is to enhance children’s financial literacy, equipping them with the knowledge needed to make informed and prudent financial decisions for their future.
Advantages For Parents
- Keeps track of their teen’s spending habits.
- Encourages financial responsibility from an early age.
- Offers a secure platform for managing money.
Advantages For Kids
- Provides valuable lessons on managing money.
- Allows teens to handle their finances responsibly.
- Offers a user-friendly platform for tracking spending and savings, fostering financial independence and confidence.
App Links
App Store
https://apps.apple.com/in/app/famapp-by-trio-upi-card/id1499806454
Google Play Store
https://play.google.com/store/search?q=fam%20pay&c=apps
Card Availability For Kids
Yes
3. Junio: Pocket Money Card And App
Junio: Pocket Money Card And App
Looking for the best UPI payment apps for teenagers because you’re worried about your child’s spending habits? Fret not! Introducing Junio: a revolutionary teen money management solution. It combines a smart pocket money card and app, providing real-time spending insights. Parents can set spending limits and monitor finances closely. The Junio Card works online and offline, with easy top-up options. It rewards responsible spending with extra pocket money for non-spending days. What sets Junio apart is its social aspect. Parents can assign tasks for additional pocket money, and kids can top up on the go. Empower your teens with Junio, where modern convenience meets financial education.
Website
Online Presence
https://www.facebook.com/JunioIndia
https://www.instagram.com/junio.in/
https://www.youtube.com/channel/UCZIRTZYoelCMox8Gvp6SOpw
Founders
Ankit Gera and Shankar Nath
Location Of HeadQuarters
New Delhi, India
History
Following a two-year break, Shankar Nath, former senior vice president of Paytm, was frequently questioned about his next step. This prompted him to team up with another former Paytm executive, Ankit Gera, to establish Junio, a digital payment startup designed for individuals under 18. Established in 2020, this UPI app for teens is founded on the concept of pocket money and is driven by a mission to empower young minds with essential financial knowledge.
Advantages For Parents
- Parents can track their child’s spending in real-time, ensuring responsible financial habits.
- Setting spending limits helps parents teach their kids money management skills.
- Encouraging chores for extra pocket money fosters responsibility and financial awareness.
Advantages For Kids
- Junio educates kids on money management, fostering lifelong financial skills.
- Task-based earnings teach responsibility and the value of hard work.
- Kids gain financial independence and decision-making abilities in a controlled environment.
App Links
App Store
https://apps.apple.com/in/app/junio-pocket-money-card-app/id1567740156
Google Play Store
https://play.google.com/store/apps/details?id=in.junio
Card Availability For Kids
Yes
4. Muvin
Muvin
Next in our list of easy-to-use money apps is Muvin, one of India’s top 10 money management apps for kids and young adults. Muvin makes teaching kids about money engaging and effortless. Through a unique rewards system, it empowers youngsters to build strong financial skills and responsible money habits. Parents can set spending limits, ensuring a secure financial environment. Muvin simplifies complex concepts into digestible, visually appealing lessons. It offers goal tracking, expense management, a convenient Tap ‘n’ Go prepaid card, and monthly reward incentives for responsible spending. Get Muvin for a smarter financial education journey for your child!
Website
Online Presence
https://www.instagram.com/muvincard/
https://www.facebook.com/muvincard
https://www.youtube.com/@muvincard
Founders
Vineet Gupta and Mukund Rao
Location Of HeadQuarters
Bengaluru, Karnataka, India
History
Muvin’s founders, Mukund and Vineet, noticed India’s cash-centric teen spending despite digital banking. They aimed to simplify financial education for teens by creating easy-to-use pocket money apps that impart financial literacy to Indian kids and young adults, hoping to encourage Gen-Z to embark on their financial journey. Muvin was established in 2020.
Advantages For Parents
- Establish the primary account effortlessly, ensuring you can oversee and add funds to your child’s debit card.
- Send your child’s allowance instantly from any location.
- Utilise family-friendly controls to continuously monitor your child’s expenditures and motivate them to save with monthly rewards.
Advantages For Kids
- Junio educates kids on money management, fostering lifelong financial skills.
- Task-based earnings teach responsibility and the value of hard work.
- Kids gain financial independence and decision-making abilities in a controlled environment.
App Links
App Store
https://apps.apple.com/in/app/muvin/id1576637534
Google Play Store
https://play.google.com/store/apps/details?id=com.muvin.muvin_prod
Card Availability For Kids
Yes
5. Akudo
Akudo
Let’s take a quick look at yet another innovative finance app – Akudo. Akudo is definitely the best among the top-ranked teen payment apps and prepaid cards for teenagers made by Indian companies. It is set to revolutionise how young individuals approach financial responsibility. Featuring a personalised VISA prepaid debit card, Akudo reimagines spending and saving habits for adolescents. With seamless and secure transactions, it empowers students to take control of their financial education. As a trusted digital wallet, Akudo allows teenagers to make online and offline purchases effortlessly with their VISA card. A simple tap at the merchant’s card terminal grants independence in spending. From bill settlements to sharing funds with friends, Akudo’s user-friendly interface streamlines financial management, where convenience seamlessly meets financial education.
Website
Online Presence
https://www.instagram.com/akudo.in/
https://www.facebook.com/akudosquad/
https://www.youtube.com/@akudo5831
Founders
Sajal Khanna, Jagveer Gandhi and Lavika Aggarwal
Location Of HeadQuarters
Bengaluru, Karnataka, India
History
In many middle-class Indian homes, financial talks with teenagers are rare. This prompted Lavika Aggarwal, Sajal Khanna, and Jagveer Gandhi to create Akudo, an edtech-fintech startup founded in 2020, aiming to educate and empower Indian teens about finance.
Advantages For Parents
- The VISA card empowers your child with secure spending, and you can monitor their expenses anywhere.
- Enjoy rewards like Auto-Save and Change Bag for responsible financial behaviour.
- The app helps your child quickly understand key concepts surrounding money.
Advantages For Kids
- No more searching for OTPs; they’re instantly available on your phone for smooth online and offline shopping experiences.
- Enjoy rapid payments with a simple swipe or tap at your favourite stores, making shopping quick and convenient.
- Acquire your personalised VISA card within just 120 seconds, gaining swift control over your finances.
App Links
App Store
https://apps.apple.com/in/app/akudo-upi-card-for-students/id1561856708
Google Play Store
https://play.google.com/store/apps/details?id=akudo.technologies
Card Availability For Kids
Yes
6. YPay
YPay
YPay transcends being just a brand. It serves as a reliable companion for parents and a sincere confidant for young individuals. Touted as being the best kid-friendly pocket money management app in Digital India, YPay was carefully designed to meet the specific requirements of promoting independence and personal development. YPay, placed among the 10 best budgeting/personal finance apps for students in India, empowers teenagers to seize control of their finances while providing parents with the assurance of their child’s financial security and liberty for development. It bridges the gap between youthful independence and responsible financial management, encouraging financial growth and granting peace of mind to teens and their parents.
Website
Online Presence
https://www.facebook.com/YPaySmartCard/
https://www.instagram.com/ypay_official/
https://www.youtube.com/@ypaycard-smartcardforyourk2850/videos
Founder
Dr. Navneet Gupta
Location Of HeadQuarters
Noida, Uttar Pradesh
History
The YPay app, one of the pocket money apps for teens and young adults developed by Indian companies, was created to meet the needs of Indian teenagers who are still using cash and are in need of financial education. Founded in 2017 by Dr. Navneet Gupta, the app aims to tackle issues related to money misuse, mismanagement, and parental concerns. It achieves this by providing smart cards for teens to engage in digital transactions while allowing parents to monitor their spending through the app.
Advantages For Parents
- Parents can easily track and monitor their child’s spending, promoting responsible money management.
- It offers a secure digital platform, reducing the risks associated with cash transactions.
- Encourages financial independence and responsibility in teenagers.
Advantages For Kids
- Empower kids to manage their money digitally, fostering independence.
- Teaches budgeting and financial planning from a young age.
- Provides a convenient way to make digital transactions and manage allowances or savings efficiently.
App Links
App Store
https://apps.apple.com/in/app/ypay-bharat-ka-smart-card/id1591549699
Google Play Store
https://play.google.com/store/apps/details?id=com.bitoodle.ypay
Card Availability For Kids
Yes
7. Streak
Streak
Want your kids to learn to be be financially smart? Then, get them the Streak app! Streak is a child-friendly money management app for iPhone and Android users in India. Streak’s foundation is built on robust, bank-grade security systems, providing a secure environment for teens to explore their financial futures. Dedication to upholding the principles of honesty, integrity, and accountability ensures that your child can engage in financial learning with confidence. At Streak, innovation and creativity are embraced to make finance education enjoyable and effective. The mission is to inject an element of fun into the serious work of financial literacy while spreading joy and equipping the next generation with essential money management skills.
Website
Online Presence
https://www.instagram.com/streak_card/?hl=en
https://www.facebook.com/streakcard/
https://www.youtube.com/@streak5951
Founders
Mitul Mehta and Shiv Bidani
Location Of HeadQuarters
Bengaluru, Karnataka, India
History
Established in 2020, Bengaluru-based Streak is a pioneering edu-fintech startup focused on creating a personalised and gamified banking solution for teenagers. Their goal is to promote financial literacy and independence among young individuals.
Advantages For Parents
- With this online payment app for teenagers, parents can keep a close eye on their teens’ spending and financial behaviour, promoting responsible money handling.
- OmniCard provides an effective means to impart financial responsibility and budgeting skills.
- Parents can feel reassured knowing their teens have a secure and supervised financial tool to use.
- Streak offers valuable tools for parents to actively engage in teaching their teens about money.
- With secure banking-grade systems, parents can trust Streak to keep their teen’s financial data safe and accessible.
Advantages For Kids
- Kids can effortlessly monitor their spending.
- Streak helps them save for their dream purchases.
- It encourages responsible money management from a young age.
App Links
App Store
https://apps.apple.com/in/app/streak-card-for-teens/id1572522016
Google Play Store
https://play.google.com/store/apps/details?id=com.streakcard
Card Availability For Kids
Yes
8. OmniCard
OmniCard
Looking for a safe, kid-friendly app that helps foster a strong financial skillset? Why not give OmniCard a try? OmniCard, owned by owned by Eroute Technologies Pvt Ltd, is being promoted as the best Indian-made pocket money app that encourages cash management among kids, especially teenagers on the cusp of adulthood. It is designed to simplify payments in India’s fast-evolving digital ecosystem. As India’s first payment app with a multi-benefit prepaid card and an innovative mobile app, OmniCard offers a seamless and secure way to handle finances. It brings together UPI payments, cards, and cash without the need for a traditional bank account, all while being licenced by the Reserve Bank of India. Whether you’re a teenager learning the ropes of financial responsibility or a hardworking employee seeking effortless corporate expense management, OmniCard is the ultimate tool for streamlining your financial transactions.
Website
Online Presence
https://www.instagram.com/myomnicard/?hl=en
https://www.facebook.com/myOmniCard
https://www.youtube.com/@MyOmniCard
Founders
Sanjeev Pandey, Abhishek Saxena, Jason Ho and Abhinav Saxena
Location Of HeadQuarters
Noida, Uttar Pradesh, India
History
OmniCard, among the top ten easy money management apps suitable for teens in India, was designed to simplify financial operations for businesses, utilising smart technology for increased efficiency. This pioneering app in India not only aids businesses but also serves as an educational tool, helping teenagers and young adults acquire valuable money management skills.
Advantages For Parents
- Parents can keep a close eye on their teens’ spending and financial behaviour, promoting responsible money handling.
- OmniCard provides an effective means to impart financial responsibility and budgeting skills.
- Parents can feel reassured knowing their teens have a secure and supervised financial tool to use.
Advantages For Kids
- Kids can make secure payments at their favourite stores and merchants using OmniCard, ensuring convenience and safety.
- OmniCard simplifies daily spending needs, making it effortless to manage finances.
- Whether tapping or swiping, OmniCard offers a hassle-free way to pay, ensuring accessibility anytime and anywhere.
App Links
App Store
https://apps.apple.com/us/app/omnicard/id1569978342
Google Play Store
https://play.google.com/store/apps/details?id=com.eroute.omnicard
Card Availability For Kids
Yes
9. Fyp
Fyp
Next in our list is Fyp, one of the best Indian apps for pocket money management for parents of teenagers in India aged 11 and above. Fyp redefines traditional banking by offering prepaid debit access without the need for a conventional bank account. This dynamic app equips young minds with essential financial literacy tools, enabling them to embrace digital spending, save for their goals, and explore stocks and ETFs. Fyp leverages cutting-edge technology to simplify expense tracking and enhance financial education for tech-savvy, ambitious users. Beyond financial management, it fosters financial independence with interactive features. Users can assess spending patterns and make informed financial choices
Website
Online Presence
https://www.instagram.com/fypmoney.in/
https://www.facebook.com/fypmoney.in
https://www.youtube.com/@Fypmoney
Founder
Kapil Banwari
Location Of HeadQuarters
Gurgaon, Haryana, India
History
The ever-evolving nature of today’s teenagers, marked by their proactivity, innovation, and frequent use of technology to drive change or start businesses, served as the driving force behind Fyp. Established in 2021, Fyp aims to offer teenagers an engaging and educational means of learning money management.
Advantages For Parents
- Encourage saving habits and earn interest on your child’s savings with Fyp’s parent-paid interest.
- Introduce your children to the stock market and ETFs through the Fyp App, promoting early investment learning.
- Empower your child with Fyp’s interactive chatbot for simplified finance concepts, fostering financial intelligence.
Advantages For Kids
- Each child gets a Fyp card with parental controls, fostering responsible spending.
- Fyp educates teens on budgeting and saving, while parents can monitor their activities.
- Fyp cards facilitate offline shopping, online payments, and money transfers.
App Links
App Store
https://apps.apple.com/in/app/fyp/id1573905747
Google Play Store
https://play.google.com/store/apps/details?id=com.fypmoney
Card Availability For Kids
Yes
10. BrightChamps
BrightChamps
Searching for a fun way to teach money skills to your tweens and teens? If so, look no further than this next app! BrightChamps is believed to be the world’s first gamified financial education app tailored for kids and teens. Departing from conventional methods, BrightChamps offers a comprehensive guide on how to teach money management skills to kids, ensuring they acquire vital financial knowledge from an early age. Say farewell to the mundane as you embark on a journey through lessons enriched with real-world examples. The platform boasts a meticulously crafted curriculum by experts hailing from prestigious institutions like Harvard, NYU, and IIM, allowing young learners to master the essential foundations of the Financial Ecosystem at their own pace. Plus, with the opportunity to earn global certifications and interact with mentors, BrightChamps paves the way for your financial empowerment.
Website
https://brightchamps.com/en-in
Online Presence
https://www.facebook.com/brightchamps.education
https://www.instagram.com/brightchamps
https://www.youtube.com/channel/UC_Afe_rMGoK5Bs4nSt8QIzQ
Founder
Ravi Bhushan
Location Of HeadQuarters
Bangalore, Karnataka, India
History
Founded in 2020, BrightChamps is the brainchild of Ravi Bhushan. This app is dedicated to enhancing digital and financial literacy among children. It addresses the educational disparities faced by underprivileged kids, offering them vital skills for the digital age. BrightChamps recently pledged to train one million children from low-income families over the next two years, demonstrating its commitment to bridging this educational gap.
Advantages For Parents
- Teaching kids money management imparts lifelong skills for success.
- Instilling financial discipline in children establishes a foundation for success.
- Early financial education helps kids steer clear of future financial issues.
Advantages For Kids
- The programme teaches kids essential life skills, including budgeting, understanding the value of money, and the importance of saving.
- Kids develop and nurture good financial habits that will benefit them throughout their lives.
- The programme empowers kids with crucial financial knowledge for a successful future.
App Links
App Store
https://apps.apple.com/in/app/money-lessons-by-brightchamps/id6444763616
Google Play Store
https://play.google.com/store/apps/details?id=com.brightchamps.e10x
India’s Money Management Apps: Paving The Way For The AtmaNirbhar Teens Of Bharat
Well, there you have it – These are the best payment apps for teenagers in India. In an era where financial literacy is paramount, Indian companies have risen to the challenge by crafting ingenious money management apps tailored for teenagers. These apps not only empower youth with essential financial skills but also provide a platform for parents to guide and monitor their children’s financial journey. As we conclude our exploration of the top-ranked iPhone and Android money management apps by Indian companies, it’s evident that these tools offer a blend of innovation, education, and practicality. They are not just apps; they are stepping stones towards a brighter, more financially savvy future for the younger generation of India. Mail us at [email protected] if there are other noteworthy UPI apps for minors that deserve a spot on our list!
Recognizing the importance of effective financial management, Top 10s Only has curated a guide that lists the Top 10 Best Buy Now Pay Later (BNPL) Apps that every Indian should know about! Check it out now!
Frequently Asked Questions About Money Management Apps For Teens
1. What money app can I use under 18 in India?
In India, Teenagers under 18 can use various apps like FamX, Junio, Muvin, and more, designed to cater to their financial needs. Use the list given in our article to find the best UPI apps for under 18 kids in India.
2. Is FamPay a fintech? Is FamPay approved by RBI?
Yes, FamPay is a fintech company that provides financial services to teenagers. FamPay is approved by the RBI and operates within the regulatory framework in India.
3. Which bank does Junio use?
Junio partners with RBL Bank and Mastercard to offer its charge card services, ensuring a secure and efficient financial experience for teenagers and their parents.
4. What are the benefits of money management apps for teens?
Money management apps for teens offer benefits such as teaching financial skills, promoting responsible spending, introducing investing basics, and making digital payments easy, all to help build a strong financial foundation.
5. Do all money management apps have debit cards issued for teens?
The provision of debit cards for teens may vary among different money management apps, as it depends on the individual app’s features, partnerships, and offerings.