HSBC in Hong Kong is to open up its PayMe e-wallet service to teens aged 16 years and above.
The money transfer app features P2P payments capability and expense management tools with a parental overview on offer through a supplementary credit card or bank account.
PayMe accounts can be topped up by direct debit from 14 Hong Kong banks including HSBC.
To provide a complete service package, HSBC is offering a Children Savings Account specifically for customers over the age of 11, as well as supplementary credit cards from age 16 upwards - both of which can be used to fund a PayMe account.