The buddy is a smart watch. My son has one. This is a cynical post. Be warned I think it's not a bad product. And POSB marketing is brilliant! Get the parents to request school to implement it, and parents and child get a free watch. The thing is I felt offended IS that schools are like sheeps jumping over loops. Still let media trumpet their cashless initiative. Of course there is agenda, support government drive go cashless Ma. But, why POSB over others? Does school Monitoring the spending habits and balance of pocket money help kids develop better money habits? Magic ward still exists? Schools not supposed to endorse any product and services remember? Even healthy fresh milk. Now, POSB can get away with it and it's like they are doing everything a favor. Hello, u locking up these young kids with a saving account, and then ......