premium
Q+
11/08/2022 Banking Innovation

About

1st Banking offer in Morocco specially made for teenagers ages 12 to 17yo. An account + an app + a personalized bank card and it's for free !

Innovation presentation

Swipe is a banking offer specially made for teenagers aged between 12 and 17 years old with An account + an app + a personalized bank card and it's for free

The parents subscribes for his kid 100% online and signs the contract digitally through Pocket Bank, his banking app.

The kid is then notified and continues the onboarding process by adding his email address and choosing the design of the bank card that will be on his name.

The app is immediately available for use and the parent can transfer money instantaneously to his child.

From Swipe the teenager can :

- Pay a phone bill

- Top up his phone

- Withdraw money from an ATM juts with the app without a card

- Ask his parents for money by sharing a graphic image through any social media or messaging app

- Transfer money to another Swipe holder or bank account

- Pay via QR Code in stores

The parent has access to the transaction history and can disable/enable the account at any moment.

The parents can also adjust/ adapt the card functionalities and threshold (contacless, local online payments, international payment…)

Uniqueness of the project

For the first time in Morocco teenagers have full access to banking services. Historically only a withdraw with the card offered to them with a saving account.

They now have a full offer dedicated for them with An account + an app + a personalized bank card and it's for free. With their card they can pay in store on online locally and internationally

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

20/09/2023 Banking Innovation

Nedbank Chow Town

As a part of many digital firsts for an African bank, we wanted to provide an entertaining, educational experience on...

20/09/2023 Banking Innovation

Kept by krungsri

Krungsri reinforces its mission to provide financial services under the strategy of Make Life Simple and continues to enhance its...

20/09/2023 Banking Innovation

Nays

In terms of Turkish market competition dynamics, there are over 45 million people below the age of 35, with over...

18/09/2023 Banking Innovation

Legal Design

Legal design is a new way of drafting contracts and - more generally - any document that the bank prepares...

Related news & insights

30/03/2024 News

Volvo Financial Services and JA Worldwide extend partnership for youth financial literacy

Through VFS employee volunteers and JA's curriculum, the partnership aims to equip youth with essential financial skills and insights into...

Insurance
11/03/2024 News

QIC launches interactive edutainment branch at KidzMondo Doha for young explorers

Qatar Insurance Company (QIC) has recently inaugurated its engaging educational establishment at KidzMondo Doha, situated within the Mall of Qatar.

Digital Reinvention
16/12/2023 News

BPI ventures into virtual realm with AGE Planet Craft Tycoon

The immersive experience unfolds in a galaxy where players strategically invest in resources to develop a sustainable planet. BPI's entry...

Digital Reinvention
02/10/2023 News

CBA's Kit app revolutionizes financial education for kids

Commonwealth Bank of Australia (CBA) is making waves in the realm of financial education for children with its Kit app....