The special Kids’ Banking Programs that Bancamiga launched for both Children’s Day and Christmas enabled 18,821 children and teenagers across the country to open bank accounts, and they now enjoy the benefits of the Bancamiga Mastercard Debit Card.

For ten Saturdays during July/August and November/December, Bancamiga opened its branches in Caracas and other parts of the country to open accounts for children and teenagers between the ages of 9 and 17 with national identity cards.

This initiative also helped bring 6,875 adults into the banking system, of whom 4,097 opened accounts in foreign currency (dollars/euros) and 63 in Venezuelan pesos.

During these special Kids’ events, Bancamiga gave away Mastercard Debit Cards, which, in their various versions, feature contactless technology and offer the ability to pay at points of sale, top up mobile phones, and make mobile payments.

Once the account opening process is complete, children and teenagers should go to www.bancamiga.com, go to the Kids section, and follow the steps to register, the financial institution explained in a statement.

Learning to value the effort behind money and prioritizing needs

For Bancamiga, the success achieved this year with Kids establishes a solid foundation for new products like the Kids Prepaid Card.

The Chairman of Bancamiga’s Board of Directors, José Simón Elarba, indicated that bringing banking services to children and teenagers is a way to instill the importance of responsible money management from an early age.

“It’s a way to develop solid financial habits that last into adulthood. Children learn to value the effort behind money and to prioritize their needs. This promotes economic independence and confidence in digital financial services,” Elarba added.

Although the special campaigns have ended for now, those interested can visit any of the 50 branches nationwide with their representative to open a Kids account and enjoy the benefits of having a Bancamiga account. They must bring a birth certificate and a copy of their national identity card. If your father, mother, or legal guardian is not a client, they must bring a copy of their ID, valid Taxpayer Identification Number (RIF), phone number, and email address.

To find the location of each branch, visit www.bancamiga.com on Find Us section.

Information and images provided by Bancamiga Banco Universal

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La entrada Kids’ Banking Programs bring 18,821 children and teenagers into banking apareció primero en Bitfinance.

Digital payments, through various technological platforms, have penetrated most markets. The European Union seeks its standardization and is pressing in Brussels so that all member countries can adapt to this instant digital payment system.

The fact of being able to carry out a transaction in a few seconds makes life easier for customers of banks, stores, corporations. Even payments to workers are now much simpler, and can be made from anywhere in the world.

The novelties that will be introduced in the banking service in the EU are focused on the offer by all banks of the instant payment and transfer service, as well as the collection of a commission that is not higher than the amount of the transaction.

Of course, a clear, standard regulation is required, with the proper supervision of financial organizations, so that it does not become a niche for cyberattacks or other risks that affect the digital universe.

The European Commission, through the Commissioner for Financial Services, Mairead McGuinness, has underlined the importance of the circulation of money, currently accessible in a click through digital platforms. They have mentioned Bizum as an example, without forgetting that regulations are required from Brussels to shorten the standardization times that have been uneven in the European Union until now.

In other territories, alternatives to Bizum include PayPal, Revolut, Bnex, Twyp, among other instruments that facilitate transfers and payments independently.

Any decision in this sense must, however, go through the European Parliament and receive the approval of the Twenty-seven before reaching the population.

M.Pino

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With information from international media

La entrada European Commission in favor of instant digital payments across the continent apareció primero en Bitfinance.