Optimum Teenage e-Wallet lets parents monitor their children's spending by issuing them prepaid debit cards & e-wallet account. Parental controls restrict the places the children may spend. Children may earn money by completing a pre-determined tasks and goals.
Parents can log onto their Optimum e-Wallet account to observe the transactional histories of the linked prepaid debit cards/e-wallets given to each teenager. Since only the money on the cards/e-wallet can be spent, there is no risk of incurring debt or triggering overdraft fees.
Optimum Teenage e-Wallet lets parents customize the parameters for each teenager by establishing weekly spending limits, restricting where the card can be used, and locking and unlocking the cards at will.
- Comprehensive backend control system
- E-KYC integration with any provider (Jumio, ShuftiPro etc.)
- Online real-time posting, resulting in online real time financial reporting.
- Bilingual capability: Arabic/English, you log into the system with the language of your choice.
- Extensive MIS reporting (in both languages).
- Multi-level access to the system and powerful central security control.
Optimum Teenage e-Wallet comes with pre-paid debit card which can be issued for each teenager. Parents can customize the parameters for each child by establishing weekly spending limits, restricting where the card can be used, and locking and unlocking the cards at will.
- Issue Card for Each Teenager
- Set Spending Limit
- Set Periodic Goals
- Set Spending Locations
- Lock/Unlock Card
Optimum Teenage e-Wallet keeps complete record of each teenager's earnings be it a gift from the parent or reward for completing a task. All allowances or bonuses are recorded properly. Statement of account can be generated by few simple clicks.
- Statement of Account
Optimum Teenage e-Wallet keeps complete record of each teenager's spendings through cards or e-wallets. Statements can be generated for periodical spendings like weekly or monthly. Spending Behavious data is also at hand for better analysis of spendings.
- Spending by Merchants
- Spending by Category
- Savings on Spending
- Statement of Account
Goals and Tasks
Optimum Teenage e-Wallet allows parents to set goals or tasks for teenagers. Completing goals or tasks would earn allowance or bonus for the child which can be directly crediited to teenager's pre-paid card or e-wallet account.
- Set Goals / Tasks
- Define Allowance for Task Completion
- Adhoc Bonus or Rewards
- Direct Credit to Teenager Account