Daily News

Pocket Money, But It's Google Wallet

Hey Payments Fanatic!

Google just made a smart play for the family wallet.

The company launched a new Google Wallet tool that lets parents in the U.S. set up a secure balance for their kids and teens under 18. Children can tap to pay in stores using NFC-enabled Android or Wear OS devices, while parents keep full control: spending limits, real-time transaction tracking, instant lock/unlock. All managed through Family Link.

In an increasingly cashless world, this is a practical move. No bank account needed, no plastic card to lose. Just a phone and parental oversight built in from the start.

What's interesting here: Google isn't trying to be a neobank for kids. It's embedding money management into the device layer, right where families already live. Automated scheduled payments are coming soon too, which starts to look a lot like an allowance system native to the phone.

See what else is shaping Payments 👇

See you tomorrow!

Cheers,

Marcel

ARTICLE OF THE DAY

📰 DashDevs: CENTROlink: Direct Technical Access to SEPA. Operated by the Bank of Lithuania and handling 228.3 million payments worth EUR 456 billion in 2023, CENTROlink gives EMIs and payment institutions a structured route into SEPA schemes, but it's an institution-wide program spanning licensing, ISO 20022 messaging, and daily operations, not a plug-and-play integration. Read the full article here

CENTROlink: Direct Technical Access to the Single Euro Payments Area

NEWS

🇺🇸 Parents can now send money to their kids on Google Wallet. U.S. parents can set up a secure NFC balance for children under 18, with spending limits, real-time transaction tracking, and full parental control through Family Link.

🇺🇸 Bridge becomes a MiCA stablecoin issuer on the ESMA register. The Stripe-owned company joins the EU's official register, enabling compliant stablecoin operations across European markets.

🌏 KuCoin Pay expands stablecoin utility with an enterprise gift card solution. Businesses can now distribute USDT and USDC globally through digital gift cards, with bulk issuance and API integration for rewards and campaigns.

🇱🇹 Inventi becomes the first SWIFT Business Connect provider in the Baltics. The certification allows Inventi to deliver SWIFT connectivity services to financial institutions across the Baltic region.

🇺🇸 Fiserv cuts its annual profit forecast, sending shares down nearly 12% in premarket trading. Growth in its key segments slowed during Q2, prompting the payments processor to lower its full-year earnings outlook.

🇻🇳 NAPAS, BIDV and Weixin Pay expand cross-border QR payment services between Vietnam and China. The collaboration enables QR-based payments across both countries, deepening financial connectivity between the two markets.

🇮🇳 Flipkart's super.money has launched an online shopping feature directly within its payments app, allowing users to browse and purchase products without leaving the platform. The move signals super.money's ambition to evolve beyond payments into a broader commerce destination, blurring the line between checkout and discovery. Read on

🇺🇸 Finix launches a redesigned dashboard to simplify payment operations. The update adds smarter search, personalized workspaces, and streamlined navigation built around how customers manage payments daily.

🇱🇹 Bank transfers are now free for Paysera merchants in Lithuania, Latvia, and Estonia. The zero-fee policy covers all incoming and outgoing bank transfers, removing transaction costs for merchants across the three Baltic states.