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Market Impact: 0.12

Google Wallet Now Lets Parents in the US Send Money Directly to Kids

FintechConsumer Demand & RetailTechnology & InnovationCompany Fundamentals

Google Wallet is rolling out expanded parental controls, including a US feature that lets parents send money directly to children. The update is incremental to Alphabet’s product suite and is likely to support engagement and use of Wallet, but it is unlikely to materially move the stock or financials near term.

Analysis

Google Wallet is rolling out expanded parental controls, including a US feature that lets parents send money directly to children. The update is incremental to Alphabet’s product suite and is likely to support engagement and use of Wallet, but it is unlikely to materially move the stock or financials near term.

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