One of the fastest-growing banking apps is letting its teenage customers make contactless payments using their iPhone or Apple Watch.
Revolut, which has almost 4 million users in Britain and more than 16 million globally, said this week its Junior account holders in the UK and Europe can now make use of Apple Pay.
The company offers a bank-style account with a debit card, plus a range of other financial services. Revolut Junior is designed for children between the ages of six and 17, and is an extension of the parent’s Revolut account.
The move will allow the company’s younger customers to use Apple Pay instead of their physical payment card anywhere contactless payments are accepted, with the exception of stores classed as “adult retailers”, such as off-licences and betting shops.
Apple Pay requires having an Apple ID; in the UK, teenagers from the age of 13 can sign up for one.
The company says the move was a response to feedback received over the past few months from parents and their children. It adds that bringing Apple Pay to teens “simplifies payments … and adds an extra layer of safety”.
In the UK, Revolut Junior has more than 200,000 users. The company says Apple Pay will soon also be available to Junior users in the US, Australia and Singapore.
