Google has launched a new feature allowing parents to manage secure balances, set spending limits, and monitor transaction history for children under 18.
Key facts
- •The new Google Wallet feature is available for children under 18.
- •Parents can set daily spending limits and receive purchase notifications.
- •Accounts can be locked or paused remotely by parents if a device is lost.
- •The update is currently limited to users in the United States.
- •The feature allows parents to review a child's full transaction history.
Google announced on Thursday that Google Wallet now enables parents to establish secure balances for children under 18. The feature is intended to help parents teach financial habits while providing oversight through built-in safeguards, including transaction monitoring and spending controls.
Parental Controls and Features
Parents can set daily spending limits and receive notifications for every purchase made by their child. The system also allows parents to view transaction history and manage the account status. If a child's device is lost, parents can lock or unlock the account, or initiate a temporary “spending timeout” to pause activity.
Market Context and Availability
This update is currently rolling out in the United States, with no information provided regarding potential expansion to other regions. The feature aligns Google Wallet with existing financial tools like Apple Cash Family and prepaid debit card services such as FamZoo and Greenlight. It builds upon previous updates that allowed supervised digital payments and access to passes like library cards and event tickets on Android devices.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by TechCrunch.
