Lotte Card launches 'TinyPass Card'... "Manage your child's allowance"

Use Nationwide Buses and Subways at Youth Fare Without Transportation Card Recharge
Easily Manage Allowance and Usage History with Parents' Credit Cards

[Asia Economy Reporter Ki Ha-young] Lotte Card launched the 'Tiny Pass Card' on the 4th, the first in Korea to combine a transportation card that does not require charging with a child's allowance management function.

This card is the first in Korea to be linked to a parent's credit card, allowing it to be used as a youth transportation card without separate charging. In addition to the balance, it can be used for public transportation (bus and subway), and the child's public transportation usage fees are automatically billed to the parent's credit card. Children receive the child and youth transportation fare without needing to recharge the transportation card each time.

Also, parents can recharge allowance with a credit card without cash through the Lotte Card Life app and website. Using the automatic recharge function, the desired amount is automatically charged on the designated date each month, and children can freely use the recharged amount at domestic credit card merchants.

For allowance management, a 'Balance Alert SMS Service' is also provided, allowing immediate confirmation of the child's usage history and balance. Children can also scan the QR code on the back of the card to check usage history anytime. The amount spent is also eligible for year-end income deduction benefits.

Myung Je-seon, Head of the Digital Platform Division, said, "After two years of demand surveys, customer panel interviews, and usage analysis by age, we launched the first allowance card in Korea equipped with a transportation card function that does not require charging. We expect high demand from parents as it solves the biggest concerns of managing children's allowance and transportation card charging at once."

To commemorate the card launch, a cashback of 2,500 KRW on the issuance fee will be given to the first 2,000 applicants until the 31st. Additionally, among customers who recharge a certain amount or more, mobile gift certificates will be given by lottery, and a coffee coupon event will be held for customers who apply for the automatic recharge service within the period.

The Tiny Pass Card can be issued through the ‘Lotte Card Life’ app, website, or card center, with an issuance fee of 2,500 KRW for the standard type and 5,000 KRW for the limited edition. Within the personal prepaid card monthly purchase limit of 1,000,000 KRW, up to 500,000 KRW can be purchased and recharged per card.

This content was produced with the assistance of AI translation services.