Fiatalkort

Fiatalkort is a term that emerged in Sweden, roughly translating to "youth card" or "young person's card." It refers to a type of prepaid card or voucher system specifically designed for young people, typically teenagers, to manage their own money. These cards often function similarly to gift cards, allowing holders to load a specific amount of money onto them. The primary purpose is to provide a safe and controlled way for young individuals to make purchases, whether online or in physical stores, without direct access to a parent's bank account or credit card.

Fiatalkort can be used for a variety of purposes, such as buying games, music, clothing, or paying for online services. They are often issued by financial institutions or specialized companies and may come with certain limitations, such as age restrictions for activation or specific merchant categories where they can be used. The concept aims to foster financial literacy by giving young people practical experience in budgeting and managing their spending. While the term fiatalkort is specific to the Swedish context, similar prepaid solutions for minors exist in other countries under different names.