The UNest money app, which helps parents invest and save for their children’s future financial needs, announced in a press release on Tuesday (September 14) that it is now integrated with PayPal on a program that will allow UNest members to put money in their children’s savings and investment accounts.

It’s another step towards establishing a variety of funding options for a UNest account for kids, with PayPal joining traditional bank accounts as the best way to improve this special youngster’s bottom line in his proverbial piggy bank. .

“The PayPal integration gives UNest customers more choice and a quick and easy way to contribute to their child’s savings and investment account,” said Ksenia Yudina, CFA, Founder and CEO of UNest. , in the joint announcement.

“PayPal shares our vision to help parents prepare their children for financial success,” she said. “We are thrilled to be working with PayPal to help families, regardless of income or background, invest and save for their children’s future. “

Related: Jim Magats of PayPal: SMBs Need to Meet Customers in the “Four Domains” of the Connected Economy

PayPal SVP from Omni Payments Jim Magats told Karen Webster in a recent interview with PYMNTS that data that protects consumers and businesses from fraud and risk helps merchants and issuers increase transaction approval rates , the cornerstone of the connected economy.

“Digital” is another way of saying “connected,” he said, but small businesses struggle to keep up with large businesses with more resources and the ability to take the first steps.

Also Read: Teach Your Kids: Mozper Brings Financial Literacy to LATAM

Meanwhile, Mozper co-founder and CFO Yael Israel recently told PYMNTS that digital banking can help parents teach their children how to save, spend, and budget effectively.

“There are so many issues a kid can have with $ 10 on hand, but when you let him be online with access to an adult’s credit card, he can sometimes end up in places that ‘a parent wouldn’t approve,’ she said. noted.