How to grow your money app with families teaching children about money
By SendPay Business · · 2 min read
Many parents want their children to learn how to save, spend wisely and wait for something they want. Pocket money in cash is easy to lose and hard to track. A money app that helps families do this together can win the parents and, in time, the children too.
Talk to parents
Ask parents:
- How do you give pocket money today?
- What do you want your children to learn about money?
- How do your children save for something they want?
- What would you need to feel safe letting them use an app?
Keep parents in control
Parents should decide how much their children can spend and see what they spend it on. Clear controls build the trust a family app needs.
Make saving visible
A savings goal children can watch grow, with a picture of what they are saving for, makes waiting feel worthwhile.
Grow through parents
Parents talk to each other at the school gate, in clubs and in group chats. A family that likes your app will tell others.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
How do I keep accounts safe?
The security guide covers keeping customer accounts secure.
Keep accounts secure →How do I build trust with parents?
The trust guide covers what new money app users need to see before they sign up.
Win trust →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.