Published On: 2016-11-03

Mumbai: This Diwali, Indian parents have found an ideal gift for their children in the form of Slonkit. Slonkit is a prepaid VISA card linked to a mobile application that helps parents to give pocket money to children aged 10 and above. The children can use features on Slonkit app such as expense manager, budget tracker to manage their money better and get more value from it.

With Slonkit, parents can give money to their children through the Slonkit card and get instant updates on their mobile phones when the children spend on the card. The money can be loaded on to the Slonkit card in a matter of minutes through a debit card or a net banking account. 

Slonkit has incorporated the best levels of security and its one-click “suspend” feature helps lock the card if it is lost.

A parent can get a Slonkit card for your children anytime with just a few clicks on the Slonkit mobile app. You do not require a KYC or visits to the bank to get Slonkit for your children and the card will be delivered to your address with the initial amount loaded by you within a week. You can also set transaction limits to ensure that children do not spend the entire money allotted to them for the month within a few transactions.

The children can intuitively learn to manage their money by analysing the “spends” across categories such as food, movies, travel etc. , and also practice the art of spending within a budget. They also get a host of offers across their favourite merchants by using the Slonkit card (both online and in-stores).  

Gifting Slonkit cards to both her daughters, aged 13 and 16 years,  Aparna Mhatre, a resident of Goregaon, Mumbai, said, “Slonkit is an extremely useful way of making children responsible and happy, while still having a control on their spends. I transfer their pocket money at the beginnning of every month and let them manage their expenses using the Slonkit app while receiving spend updates and occasionally giving advice on how to manage money better. Now, I do not have to worry about how much money my children are carrying, every time they step out of the house. Its one-click “suspend” feature ensures that my children wont lose the money even if the card is lost. As Slonkit is accepted everywhere, they can buy important stuff, recharge their mobile, avail great offers and realize the value of everything they spend on. Slonkit also enables me to set transaction limits and ensure that my children won’t spend the entire pocket money in a day. Slonkit is a much needed product and a welcome respite for parents like me.”

Expressing his views on Slonkit, Javed Tapia, Founder, Slonkit, stated, “Many parents that I have met have told me that Slonkit has enabled them to seamlessly manage the money they give to their children. From my own experience, I can say that it is great to incorporate good money habits in children at a very early age and also have engaging conversations with them on the importance of budgeting and saving rather than just asking “where they spent the money”. Slonkit enables every parent to inculcate these good money habits in children at an early age and prepare them well before they start earning and using credit cards.”

About Slonkit - https://www.Slonkit.com

Slonkit, the flagship product of Sienna Systems Resources Pvt. Ltd., is India’s first mobile app linked to a prepaid VISA card that enables youngsters to manage their money smartly. Through the mobile app, Slonkit enables youngsters to get themselves their very own pre-paid card, manage their expenses through the mobile app, make purchases at any POS or online, set budgets, across categories such as food, shopping, travel etc., receive alerts and gain insights into their “spend” across categories. Slonkit also enables parents of children age 10 years and above to credit their child’s pocket money on to the Slonkit card and let their children use their very own card and mobile app, thereby learning an essential life skill – smart money management.

For more information on Slonkit, please visit www.slonkit.com