Neo NXT allows UAE teens to manage their money independently, while offering their parents visibility on their teens’ expenses. With a Neo NXT account, the teenager gets their own Neo NXT Debit Card, and can also access the Mashreq Neo app through their own login credentials. The teen will be able to request money, send money, save towards goals, complete challenges and more through the Neo app.
When the parent logs in to their Mashreq Neo or Mashreq UAE app, they will be able to see details of the Neo NXT account created by them. Through this, parents will be able to set a monthly/weekly allowance, set controls on how their teen can spend, view the transactions carried out by the teen, receive OTP for all online transactions & money transfers, and set challenges for their teens to earn extra allowance.