Cash cards for kids - digital banks race to capture the next generation

U.S. digital payment apps such as PayPal Holdings Inc's Venmo and Square Inc's Cash App, which have become a common way for consumers to send money to each other, do not allow users under the age of 18.

LONDON: When John Hibbs' daughter Xanthe received her first bank card in the mail, the six-year-old spent the next week Googling how to buy a horse.

Hibbs and his wife Kate had got Xanthe a newly launched children's debit card from UK digital bank Starling, one of a number of new offerings from fintechs aimed at children and teenagers.