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New Zealand’s Bank ASB Is Reformulating Piggy Bank for Kids

Virtual piggy savings for the upcoming generation!

What is Clever Kash?

In 21st Century everything is becoming digitalised from shopping, booking to even money transactions. Nowadays everyone is using digital payment, e-vouchers. So why not teach our future generation digital payment from their childhood itself.  ASB, New Zealand’s Bank, has a come up with Clever Kash, a digital piggy bank, which can teach about digital money to our kids.

About the device

James Bergin, chief architect at ASB bank, has designed the device as an adorable piggy bank that kids would find very user-friendly. It appears to be a stout yellow elephant that can easily connect with the mobile app and kids can learn the worth of saving money. The best part of this device is we can’t break it open like old piggy banks. Maybe that’s the idea.

How does it work?

The device is linked with ASB bank account and there is a small screen in the tummy of the elephant toy that displays the amount of money saved and also gives real-time updates on how close they are to their targeted saving goal. The device has been developed by ASB Bank in collaboration with Saatchi & Saatchi and it is also Bluetooth-enabled, which makes it easier for parents to add cash in the piggy bank by just swiping.

Similar devices

This isn’t the first digital piggy of its kind. ENRIT, a Kickstarter-backed device teaches kids the value of saving money. But it lacks cuteness and wireless feature of Clever Kash.Do you think that Clever Kash will help kids to learn

Do you think that Clever Kash will help kids to learn the importance of saving? Do share your thoughts in our comments section below.

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The Author

Abirami Pillai

Abirami Pillai

A 20 year old passionate geek, never misses a chance to read on internet culture, consumer-facing technology & social media.
Abbie loves to write about early-stage startups, disruptive technology and new Apps in the market, besides that she is a diehard cinephile and logophile.

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