Singapore Life Goes Beyond Insurance
Singapore Life has acquired Canvas, a prepaid card service established in 2014.
“We are extremely excited to bring Canvas to market and Liam onboard to spearhead Singapore Life’s latest tactical initiatives. Prepaid Visa card brand Canvas designed specifically for parents to manage their teens’ expenses is the way forward in an increasingly cashless society. Canvas is without a doubt, a practical financial solution for families; and an excellent teaching tool for young adults to learn how to prioritize their allotted pocket money prudently.” – Singapore Life’s Founder & CEO Walter de Oude.
Through soon-to-be launched prepaid Visa card brand Canvas, parents can decide the amount of pocket money they assign to their children. Additional tools offered include facilitating expenditure limits by the hour or even completely turn off use via mobile phone. The Canvas app will be available mid 2019 on Android and iOS devices.