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…
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