N26 has launched a debit card specifically for children aged seven to 17, aimed at teaching them money management skills while allowing parents to retain control. This card enables parents to set spending limits and monitor all account activities. To open an N26 account for minors, a parent must have an active N26 account, and a valid birth certificate is required for verification. This service is currently available in Germany and Austria, where children can choose from seven different card designs. Marcus Mosen, N26's co-CEO, highlights the growing prevalence of digital payments, noting that even in cash-heavy markets like Germany, two-thirds of retail transactions are now cashless. The N26 children's debit card seeks to equip young users with skills they will need in a cashless economy, making financial independence accessible from an early age. This initiative reflects a broader trend in banking that prioritizes youth engagement and financial literacy.