Google Wallet’s new kid-friendly payment system is a win for parents

• Google Wallet now has a built-in payment system for kids
• Parents can monitor their child’s transactions and enforce limits
• The update is rolling out over the next few weeks

Allowing your kids access to your phone’s wallet can be a surefire way to quickly lose your savings, but there are also times when you might want to let them in, such as when they need to use a digital library card. So, what can you do to get it right?

Well, Google thinks it has a solution of sorts. It’s just announced a new feature for Google Wallet that grants kids access to limited funds while ensuring that parents are still in control. The feature is being rolled out to users in the US, UK, Australia, Spain, and Poland “over the next few weeks,” Google says.