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I tried Google Wallet's new allowance feature, and my kid's already ditched their debit card

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Why This Matters

Google Wallet's new allowance feature simplifies money management for parents and kids by enabling secure, cardless, tap-to-pay transactions. This innovation enhances convenience and control, potentially replacing traditional debit cards for young users, and reflects a shift towards more digital, secure, and user-friendly financial tools in the industry.

Key Takeaways

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ZDNET's key takeaways

Google Wallet has a new way to securely send money to kids.

The kids' balance has no card or extra account attached.

Kids can only spend with tap-to-pay.

A few days ago, Google announced a new feature for Wallet -- the ability to send money to a child's Google Wallet account so they can securely spend money with the app's tap-to-pay feature on a compatible Android phone or watch.

As a parent, I realize the struggle of needing to get money to your kids, but not always trusting them to carry cash (or not even having it in the first place to give them). Currently, my son uses a CashApp Kids card to get snacks from his school's vending machines, and for the occasional time he's out with friends. It works pretty well, and the only real worry is that he loses the card. (That's why I keep a very small amount on it, only what he'll need for that day.)

Also: The best GPS trackers for kids: Expert recommended

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