Flow in use

That's how we powered Walrus's innovative idea

semicircle
the Challenge

Parents searching for solutions to manage their kid's financial life

Students always have a list of wishes. Be it a new course enrollment or trendy clothes, teenagers have their preferences. Often, parents of today find it very difficult to open bank accounts for their teenage children due to difficult processes.

Parents of millennials are increasingly facing difficulty in funding and managing their teens' expenses, given the looming tech advancements and exposure they get.

the solution

Walrus, a bank for teens

A banking platform called Walrus was built, especially for teenagers. They can send and receive money from their family member and closed ones instantly. A dedicated app or a virtual card like a legacy bank account seemed very safe to parents.

Walrus provided benefits for both parents and teenagers. It gave parents control and visibility over their kids spending patterns and teenagers had their financial independence.

end point overview

See how YAP's prepaid cards and wallets work

Explore YAP's prepaid card journey right from start to finish.

API Response

Run
                            
                                {
                                    "mti": "0200",
                                    "pan": "5088830000000037",
                                    "processingCode": "311000",
                                    "transactionAmount": "0000000000000",
                                    "settlementAmount": null,
                                    "cardHolderBillingAmount": null,
                                    "dateTimeTransaction": "0412183004",
                                    "settlementConversionRate": null,
                                    "cardholderBillingConversionRate": null,
                                    "stan": "247972",
                                    "rrn": "242772502272",
                                    "timeLocalTransaction": null,
                                    "dateLocalTransaction": "183008",
                                    "expiryDate": null,
                                    "settlementDate": null,
                                    "conversionDate":null,
                                    "mcc": "6011",
                                    "channel": null,
                                    "acquiringCountryCode": "356",
                                    "posEntryMode": "901",
                                    "cardSeqNumber": null,
                                    "pointOfServiceConditionCode": "00",
                                    "feesAmount": null,
                                    "acquiringInstitutionCode": "720397",
                                    "forwardingInstitutionCode": null,
                                    "track2Data": "5088830000000037=2100520768000000000",
                                    "authorizationIdResponse": null,
                                    "responseCode": null,
                                    "serviceConditionCode": "520",
                                    "cardAcceptorTerminalId": "TEST1234",
                                    "cardAcceptorId": "TEST12345678901",
                                    "cardAcceptorNameLocation": "M2PBANK KARTHICK TNIN",
                                    "additionalResponseData": null,
                                    "track1Data": null,
                                    "additionalData48": "051005POS010520032940560023105800500999061030000000000000000012000000000000071042103.014.161.0050000000000000000000000003560770401000000000000000000000000000000000105200",
                                    "transactionCurrencyCode": "356",
                                    "settlementCurrencyCode": null,
                                    "cardholderBillingCurrencyCode": null,
                                    "pinData": "419E0B8AAD1D2B2F0000000000000000",
                                    "additionalAmount": "9090356D000000001000",
                                    "chipData": null,
                                    "adviceReasonCode": null,
                                    "posDataCode": "5116615GA000000400051AddressAddressAddres",
                                    "privateData1BiometricData": null,
                                    "privateData2EncryptedBiometricData": null,
                                    "networkManagementCode": null,
                                    "originalDataElement": null,
                                    "fileUpdateCode": null,
                                    "replacementAmount": null,
                                    "fileName101": null,
                                    "accountIdentification1": null,
                                    "accountIdentification2": null,
                                    "reservedForPrivateUse": nullrn
                                }
                                
                            
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