Teaching financial literacy to kids

Research has shown that most of our financial habits are set by age seven. Meaning, that if we aim to establish good money management, we have to form the habit early before it becomes more challenging.

How, then, do we teach the value of money and other vital financial lessons? GCash is introducing GCash Jr., the newest e-wallet in the GCash app for minors aged seven to 17, to give young Filipinos a safe and secure cashless payment channel and a fun digital experience.

“With the GCash Jr., young users can access a host of digital financial services along with exciting offers such as exclusive fandom deals, gaming vouchers, discounts, premium access to their favorite shows, music, and so much more in a trendy user interface made just for them,” GCash said in a statement.

It added that the GCash Jr. lets youngsters learn to be financially aware and responsible at an early age while still pursuing their passion and doing what they love — gaming, music, shopping and more.

Kick-starting their digital financial journey, GCash Jr. has designed an easy dashboard to access GCash’s convenient features such as online payments and Pay QR for their K-Pop merchandise, buying load for their gaming credits and skins, and GLife for food deals and the latest fashion trends.

GCash Jr. allows younger users to properly manage their finances with an e-wallet size of up to P50,000 and a P10,000 limit for daily incoming and outgoing transactions.

Safety and security remain top priorities. Like regular GCash accounts, GCash Jr. follows a stringent KYC (Know-your-customer) process. All you need to do is download the GCash app, and minors aged seven to 17 will need to submit a photo of any of the following IDs: student ID, passport, or national ID.

Their parents will also be required to input their fully verified GCash account for reference and will be asked to take a selfie with the ID submitted by their child. GCash Jr. users must also submit a photo of their birth certificate. Upon submission of all the requirements, users will receive SMS confirmation as fully verified GCash Jr. users!

Getting GCash Jr. opens up users to many exclusive offers and deals. On top of that, GCash has gone all out with GCash Jr.’s hit song and music video featuring actress and top Tiktok content creator Andrea Brillantes, one of the country’s most phenomenal P-Pop bands and Billboard chart-topper SB19, and 2021 Mobile Legends World Champions, Blacklist!

Your time to achieve financial freedom starts with GCash! You can download the GCash app on Google Play and the App Store. Watch the video to learn more and get the best GCash Jr. experience!

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