Wise, the global technology company, has launched the Wise Young Explorer debit card in Singapore, targeting children and teens aged 6 to 17. This initiative is part of a global rollout across six markets, including Brazil, following successful launches in the UK, Switzerland, Australia, and New Zealand. The card is designed to help families teach children real-world money skills both at home and abroad.
The Wise Young Explorer card allows children to spend abroad at the mid-market exchange rate without foreign transaction fees, mirroring the transparent pricing Wise offers to parents. Parents can monitor transactions in real-time, set spending limits up to S$1,600 per month, and top up balances instantly. Additionally, they can add a co-parent or guardian to manage the card, and order up to five cards for different children, each personalised with the child’s name.
The card aims to transform family money management by providing practical money lessons. For teenagers, it offers a set budget for independent exploration during holidays, with the option to add the card to Apple Pay or Google Pay. Younger children can use it for small purchases without handling cash, and parents can easily top up the card for overseas school trips. Locally, it facilitates budgeting through automatic allowance transfers.
Wise’s comprehensive suite of travel and payment features, including a Travel Hub, airport lounge access, and bill-splitting options, complements the Young Explorer card. “We’re not just launching a card for kids — we’re addressing the full money management journey for Singaporean families,” said Yee Won Nyon, Product Manager at Wise. Parents can order the card through the Wise app or website.
