This Adorable Cashless Piggybank Is Designed to Help Kids Understand Money
New Zealand's ASB Bank Wants to Make Saving 'Magic' Again
Sep 09, 2015
How do you deal with pocket money in an increasingly cashless society? New Zealand's ASB Bank came up with a great answer for parents who are always forgetting to give their kids coins for an old-fashioned piggybank.
Clever Kash is a cute elephant toy with a digital screen on its middle. It syncs with ASB's mobile banking smartphone app, so parents can use it to add or deduct pocket money, and kids can see the amount they have in their bank displayed on the 15cm toy.
ASB chief executive Barbara Chapman explained in a statement: "Parents are telling us they're finding it challenging to teach their children about the value of money as they don't tend to use cash and coins for everyday purchases. Today, children are more likely to see their parents handing over a card to pay, and so may not appreciate how much things cost or see change calculated, as we do when paying in notes and coins."
Saatchi & Saatchi New Zealand came up with the idea (which is currently just a prototype) along with ASB. It was developed in collaboration with ASB's Technology & Innovation Labs, the Saatchi & Saatchi innovation team, Assembly, Kamahi Electronics and 4Design.