Kids want to grow up as fast as possible, but how much responsibility should they be given? Mobile banking app Osper has a debit card that looks just like mum and dad’s. It's helping the UK's seven million 8- to 18-year-olds by “instilling good money habits earlier in life.”

The average Gen Yer spends five hours a week taking photos of themselves. Knowing how much this group loves a selfie, and that ease is considered the most important feature of banking, MasterCard is hoping its ‘selfie’ payment method will get them snapping and spending like there’s no tomorrow.

Some children are actually better at saving than their parents. Children as young as 10 are already saving for key “milestones” like university and buying a home. It comes as no surprise, then, that Time for Kids has introduced a financial literacy magazine for them.

Digitisation has exposed kids to far more purchase opportunities and products, so teaching them the value of money is increasingly important. Online family wallet Virtual Piggy places responsibility in kids' hands, while parents maintain control.