GOOGLE has introduced a new feature for Google Wallet in the U.S. that allows parents to give digital allowances to children under eighteen, eliminating the need for physical credit cards. Integrated with the Family Link app, the system lets parents manage funds directly in their child's Google Wallet. It includes comprehensive management tools such as setting spending limits, tracking transactions in real-time, and features for account freezing.
Spending is restricted; children cannot use the balance for online shopping or peer-to-peer transfers. This update aims to foster financial literacy while ensuring child safety. Similar services exist, but Google's integration with its ecosystem simplifies the experience for families.