Change Financial Target Market Determination

01st November 2026

1.0

every 12 months from the start date of this Target Market Determination

01st November 2027

Change Financial Payment Services Pty Ltd (ABN 92 651 106 955 & AFSL 534901)

Kids Money App Pty Ltd ABN 40 672 025 302

This Target Market Determination applies to the Kids Money App Pty Ltd – Bank'd Wallet and Mastercard Debit Card

Class of Consumers

The product is targeted at consumers for whom Kids Money App Pty Ltd offers the Bank’d wallet and card solution to eligible applicants. The eligible applicants need a convenient preloaded, Debit Card solution to access the member benefits.

Objectives

Eligible applicants need

• •

  easy access to a wallet and convenient Debit Card solution, enabling them to order cards for their child/children, make funds available to the card(s), and allow them to make everyday purchases within limits set by the applicant as the parent or guardian of the child/children.

Needs

Eligible individuals seek a secure method to access and manage the funds available via their account with Kids Money App Pty Ltd, to make funds available on their cards to pay for approved spend where Mastercard is accepted.

Financial Situation

The Financial Situation of the Target Market are consumers who, at the time of application, are:

1. (a)

   a parent or guardian aged 18 years or older and an Australian resident, who holds an eligible account with Kids Money App Pty Ltd, and has access to funds in that account; or

2. (b)

   a child aged between 6 and 17 years, who is an Australian resident and has been nominated by a parent or guardian under paragraph (a) to be issued with a Card linked to that account. The child does not hold the account and can only access the funds allocated to their Card by the parent or guardian.

Features of the product

The product is a Debit card facility linked to the Kids Money App Pty Ltd program. It allows eligible applicants to access funds specifically for the Kids Money App Pty Ltd program. The product comes with the following key attributes:

• •

  Debit Card payment facility that can be loaded by transferring funds onto the linked account, based on limits as instructed by Kids Money App Pty Ltd. Funding is arranged from the customer bank account, via Bank Transfer, Pay ID or Direct Debit, where made available by Kids Money App Pty Ltd.

• •

  Can be used to make payments for transactions at approved merchants anywhere within Australia where Mastercard is accepted.

• •

  Can be used to make contactless transactions for payments under $200 without a PIN

• •

  Can be used to make purchases online or via telephone

• •

  Cannot be used to withdraw cash from ATMs or from EFTPOS

This explains how the product aligns with the likely objectives, financial situation and needs of the target market

CFPS has evaluated and determined that the product, along with its key features, aligns well with the needs, financial situations and the objectives of the intended target market.

The conditions and restrictions on the distribution of the product

CFPS will have oversight over how the product is distributed and promoted

The product is issued by CFPS and is designed to only be distributed by Kids Money App Pty Ltd through one of the following channels:

• •

  The official website; and

• •

  The official mobile application;

• •

  Any other issuer-approved communication channels, including websites, emails, and social media.

• •

  Staff assisted channels, such as in-person interactions and over the phone services.

• •

  Any other issuer approved third-party communication channels, including websites, emails, and social media.

Staff involved in the distribution are appropriately trained to meet relevant qualification requirements.

The product may be marketed and promoted by Kids Money App Pty Ltd through approved channels, including:

• •

  Television

• •

  Radio

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  The internet (including social media)

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  Billboards and physical banners

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  Brochures and other marketing material available to the general public; and

• •

  Any other issuer approved communication channels including telephone, websites, email and social media.

Staff involved in the marketing and promotion of the product are appropriately trained to meet relevant qualification requirements.

The product should only be distributed under the following circumstances:

• •

  The consumer must meet the applicable eligibility and approval criteria

• •

  The product should only be distributed in accordance with CFPS’s agreement and product process requirements.

If there is an event or situation that reasonably indicates the Target Market Determination may no longer be suitable

CFPS will undertake a review of this Target Market Determination when the following events or situations occur:

Complaints

When there are either a significant number of complaints or a significant number of incidents in relation to the terms of this product and /or the distribution conduct

Product Performance

Where there is evidence, as determined by the issuer, that may suggest that the product itself or the product’s performance is not appropriate for the target market.

Material Change of Product

When any changes to the product would cause the determination to no longer be appropriate for the target market.

Significant Dealing

When there are significant dealings of the product with customer outside the target market, or a noticeable pattern of distributor conduct that is not consistent with the determination.

Notification from ASIC

When ASIC requires an immediate cessation of product distribution or a particular conduct in relation to the product.

The distributor engaging in retail product distribution conduct in respect of this product must provide the following information in writing to the issuer within the time specified below:

The reporting period for this determination is each consecutive 6-month period from the Start date.

Distributors are required to notify CFPS on any complaints, significant dealings and provide relevant feedback and information requested by the Issuer.

Complaint Information

The distributor must

• •

  report to the issuer complaints received in relation to the product during the reporting period. This includes the number and nature of complaints, following the guidelines set out in paragraph RG271.182 of Regulatory Guide 271.

• •

  provide the information as soon as practicable, or in any event, within 10 business days after the end of each reporting period.

Distributor Feedback

In the event where the distributor discovers information that suggests the target market determination may no longer be appropriate, the distributor must provide the information as soon as practicable, or in any event, within 10 business days after the reporting period.

Significant Dealing

The distributor must report any significant dealings in the product that is not consistent with the target market determination within 10 business days after becoming aware of the significant dealing.

Information requested by Issuer

The distributor must provide any information reasonably requested by the issuer as soon as practicable and within 10 business days.

November 2026