Egyptian fintech company Copal has launched the country’s first payments and expenses management app designed specifically for families. In collaboration with Mastercard, the app brings family members together on a unified payment platform, which is fully managed by parents.
This innovative solution allows parents to oversee their children’s funds, making it easy to monitor and manage finances. It also provides a secure way to handle allowances, prevent overspending, and ensure funds are available for emergencies. Additionally, the app features user-friendly financial education tools to help users learn about money management and saving, while also promoting community involvement.
“Copal’s vision is to fill the gap for the un- and under-banked by introducing a product specifically tailored to meet their every need,” said Ahmed Refaat, CEO of Copal.
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