Business
Spendsafe launches Full-Service Financial Education Platform for Youth Backed by Mastercard in Canada
Spendsafe Mastercard® Reloadable Prepaid Card, officially launches in collaboration with Berkeley Payments and Peoples Trust Company, part of Peoples Group. Together, they are delivering a comprehensive financial literacy solution designed exclusively for children and teens aged 6 to 18.
About this update from Mastercard Incorporated
[{"type":"text","content":"TORONTO, Dec. 18, 2025 /CNW/ - Spendsafe Mastercard® Reloadable Prepaid Card, officially launches in collaboration with Berkeley Payments and Peoples Trust Company, part of Peoples Group. Together, they are delivering a comprehensive financial literacy solution designed exclusively for children and teens aged 6 to 18.","length":319,"tagName":"p"},{"type":"image","alt":"Spendsafe Mastercard Reloadable Prepaid Card (CNW Group/Spendsafe Inc.)","displaySize":"","headline":null,"caption":"Spendsafe Mastercard Reloadable Prepaid Card (CNW Group/Spendsafe Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":146,"url":"https://media.zenfs.com/en/cnwgroup.com/7630ab6384acc65784be3e55769295ed"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rL3Me55nXqWpTmpFZ2kOeQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/7630ab6384acc65784be3e55769295ed","width":400,"height":146}},"href":"https://mma.prnewswire.com/media/2848277/Spendsafe_Inc__Spendsafe_launches_Full_Service_Financial_Educati.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Spendsafe is setting a new standard in youth-focused financial services combining trusted payment infrastructure and adaptive financial learning into a unified experience.","length":171,"tagName":"p"},{"type":"text","content":"Built in collaboration with Peoples Trust and Berkeley Payments, Spendsafe merges secure prepaid banking, real time parental oversight, and AI-powered coaching into a single, intuitive platform. Spendsafe's Mastercard-backed offering in Canada embeds real-time financial education directly into a child's everyday money decisions, while providing parents with the transparency and control needed.","length":419,"tagName":"p"},{"type":"text","content":""Financial confidence isn't built overnight. It's developed through small, meaningful decisions made over time," said Vasanth Ratna, CEO and Founder of Spendsafe. "Spendsafe gives families a smarter, safer way to raise financially independent children. With Mastercard as our network provider, we're proud to deliver a platform that brings together payment security, behavioral learning, and a clear path to lifelong financial wellbeing."","length":475,"tagName":"p"},{"type":"text","cont...