NDB introduces smart banking solution for both teens and parents

‘NDB Pixel,’ is an innovative digital banking solution crafted specifically for Sri Lankan teenagers aged 13 to 17 marking a significant stride towards fostering a cashless society, aligning with the nation’s digital transformation goals, and equipping the younger generation with the tools for secure and convenient financial management.

In today’s fast-paced digital era, early financial education is crucial. NDB Pixel provides a dynamic platform where teens can embark on their financial journey with confidence. Through the NDB NEOS app, account holders gain real-time access to their finances, promoting autonomy and financial responsibility. The personalized debit card facilitates secure, cashless transactions for everyday needs, reducing dependence on physical cash.

Recognizing the vital role parents play in guiding their children’s financial habits, NDB Pixel incorporates features that ensure parental oversight. Parents or guardians can monitor account balances, receive instant SMS alerts for transactions, and supervise account activities, fostering a collaborative approach to financial education.

The NDB Pixel account stands out from traditional children’s savings accounts by offering transactional capabilities alongside savings. With integrated digital banking services, including a debit card and mobile banking with NDB NEOS, the account emphasizes practical financial learning. Additionally, to encourage responsible spending, a predefined daily transaction limit of Rs. 20,000 is set for card and online payments, which can be adjusted upon request with parental consent.

By introducing NDB Pixel, NDB Bank hopes to reaffirm its dedication to advancing financial inclusivity and digital literacy among the youth, thereby contributing to the broader national agenda of digitizing payment systems and fostering a secure, cashless society in Sri Lanka.