Edfundo vs Leap - Youth Financial App Utilisation & Stats

Edfundo is the world’s first family-focussed Financial Intelligence Hub, comprising a Learning Lab and Smart Money Management App created by Teachers. It is built for kids and teens to champion a new era of financial literacy, digital inclusion, and mental wellbeing. The Edfundo Learning Lab, the smart money app, and the associated pre-paid debit card are designed to help ensure youngsters are informed stakeholders in the journey towards a responsible, cashless society. Curated around the principle of ‘doing is learning’ the Edfundo Lab and App, which has rigorous parental controls, are designed to be highly interactive and fun, with rich and engaging educational content where users can learn good financial habits from earning to budgeting to spending and to saving. The products and services mentioned on this webpage belong to Edfundo Tech Limited as a financial technology company and not a bank. Edfundo Tech Limited does not offer or provide any banking or financial services either through itself or affiliated entities. Edfundo Tech Limited provides certain facilities for utilization of payment services through Nymcard Payment Services LLC under the applicable payment network and Bank Identification Number Sponsorship of Mashreq bank PSC. This is pursuant to the license by Visa® Inc and is available only for the residents of UAE subject to the Terms and Conditions of use.

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Leap - Youth Financial App

Leap's an app and card that helps build money smart kids and teens. With Leap, it's easier than ever for parents to teach their kids on how to save, spend and earn their pocket money. Leap's a very easy, intuitive app that designed from the ground up for both parents and kids. With Leap, kids can: - Pay for everyday items with their own Leap card - Track spending and savings - Set a savings goal to help keep track of the next item they want to buy - Receive automated pocket money on a weekly basis - Earn extra AED by completing tasks - Earn reward points by completing in-app financial challenges - Turn the card on or off in the app With Leap, parents can: - Send money instantly - Turn the card on or off from the app - Automate their kids pocket money - Makes monitoring kids’ spending simple - Confidence that they’ll be ready to manage their own money - Receive real-time alerts - Set tasks for their kids to complete Disclosures: The products and services mentioned on this webpage belong to Leap services as a financial technology company and not a bank. The Leap services do not offer or provide any banking or financial services either through itself or affiliated entities. The Leap services provides certain facilities for utilization of payment services through Nymcard Payment Services LLC. The “Leap” card is issued by Mashreq Bank PSC, pursuant to license by Visa. Visa is a registered trademark of Visa Inc. Nymcard Payment Services LLC is authorised by the Central Bank of The UAE, holding the Retail Payment Services and Card Schemes license in accordance with the Decretal Federal Law No. (14) of 2018 regarding the Central Bank & Organization of Financial Institutions and Activities, and Regulatory Framework.