Payments firm Canvas floats card, app for household spending

Uploaded By: 
Alyssa Divina
Case Study: 
No
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More News
Deep Classification (Category): 
Financial Services
Market: 
Singapore

Clients can transfer funds and manage spending on the card via their phones.

Singapore-based mobile payments firm Canvas has launched the Canvas Card and App, a cashless pocket money and family finance app with an accompanying prepaid Visa card.

Designed for families and their household dependents in Singapore, the app brings more visibility to household spending and provides parents full access over their children’s expenses. It can also be used by employers of domestic workers to manage household purchases.

Clients can register, add cardholders, order cards, transfer funds onto the Canvas card, and manage spending through their mobile devices.

The Canvas Card and App is now available on Google Play and Apple App store. New customers can enjoy a 30-day free trial of the Canvas Visa card upon registration on the app. Thereafter, the card is available for subscription at S$2.99 per month for each card.

Until end-May, Canvas is offering a S$5 sign up bonus credited to each Visa card for children.