Google Wallet Now Lets Parents Create Secure Tap and Pay Balances for Kids
Google Wallet is giving parents a new way to help their kids manage money without the need for a traditional bank account. The feature, which was announced Thursday, lets parents set up a secure balance for their children to use to spend money with their NFC-enabled Android phone or WearOS device anywhere Google Pay is accepted.
Parents can use the Google Wallet app to add money to their child’s balance, and the funds will instantly be available for use. Unlike some traditional payment apps, there won’t be any additional fees or the need to transfer the funds to a physical card before it can be used.
The new feature allows parents to set boundaries and teach their kids healthy spending habits by creating daily spending limits. Parents can also view all of their child’s spending transactions or receive a push notification when a new transaction is made via Family...
Copyright of this story solely belongs to cnet.com. To see the full text click HERE
