Mazoola is a digital wallet platform that allows parents and guardians to enable online and in-person shopping and digital spending capabilities for their kids at approved retailers, controls what funds are available for which purchases, rewards completed chores, pays an allowance, and encourages social responsibility. As mobile wallet adoption continues to rapidly increase, child privacy is a critical concern. Mazoola is independently certified COPPA compliant family mobile wallet. The super app is “Powered by Privacy,” ensuring that kids and teens can safely and securely participate in commerce in an evolving digital economy. Mazoola is available as a free download in Apple’s App Store and Google Play Store and is currently offering families a one-year membership at no cost with the ability to cancel anytime.
Evaluation comments:
“This app teaches children manage their own money, earning and spending. The program encourages giving to charity and building skills to save and budget. The app has a reward system in place to help develop chores, allowance and goals. Multiple children can be on the same account and each child has their own page. The children are able to spend their money at pre-approved retailers within their spending limits, sending alerts so that they are fully monitored.”
“It is a great way to teach children about earning money, saving, spending and being charitable. It is easy to use (once set up) and a great motivator for families.”
“This would be great for parents or grandparents to teach their children finances.”