Easypaisa introduces digital account facility for children

Easypaisa offers a digital account facility for children and teenagers aged between 12 and 17, allowing parents and guardians to open accounts in their children’s names and provide access to a range of financial services.

According to information published on the company’s official website, the NewGen Account is designed to introduce young people to digital banking and help them develop basic money management skills.

The account is opened by a parent or legal guardian and provides access to services including money transfers, mobile top-ups, savings and QR code payments.

Parents or guardians can open a NewGen Account through the Easypaisa mobile application.

To begin the process, they need to log in to the app and select the ‘Open NewGen Account’ option from the profile menu.

Applicants are then required to provide their child’s details, including a mobile phone number, Form-B or CNIC number and the document’s date of issuance.

Once the account has been created, the child can access the Easypaisa app and set up a PIN to start using the available services.

According to Easypaisa, NewGen Account holders can access several digital financial facilities, including:

·         Mobile phone top-ups

·         Money transfers

·         Savings

·         QR code payments

The facility is intended to familiarise teenagers with digital transactions while helping them develop financial awareness and saving habits.

The company also states that a parent or guardian can open a maximum of two NewGen Accounts.

Easypaisa says customers must update their CNIC details once they turn 18.

After their identification information has been updated, the account can be used as a regular customer account.

The NewGen facility allows parents to introduce their children to digital financial services under parental supervision, while giving young users an opportunity to become familiar with modern banking facilities.

Further information about eligibility, account opening requirements and available services can be found on Easypaisa’s official website.

 

About the Author

Syed Mutahir Hussain Shah

A media professional with a BS in Communication and Media Studies. He currently works as a Sub-Editor at Pakistan Connect, focusing on news writing, editing, and digital journalism.