Contactless payments and bank apps are introducing kids to a cashless society. Some parents are using these apps instead of forking over cash allowances.
“Young people are seeing less and less cash transactions, which just means that we have to be even more careful to talk about what is happening at each of those stages, because it has become more abstract,” said Winnard.
This is also how Apple seems to be marketing Apple Pay Cash in part. Parents can use iMessage to give their kids money.
Check It Out: Kids Are Being Raised in a Cashless Society