Protect your family financially Making digital wallets safe for children

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As children become more tech-savvy, many UAE parents are introducing digital wallets for pocket money, online purchases, or savings tracking. Ensuring the safety of these wallets for young users is crucial. Consider these tips to ensure your child's digital financial safety.

1. Set strong passwords

  • Avoid the obvious choices and teach your child to steer clear of easily guessable passwords like '123456' or their birth date
  • Encourage periodic password changes

2. Use parental controls

Many digital wallet apps have built-in parental controls allowing you to:

  • Set spending limits
  • Receive instant transaction notifications
  • Restrict certain types of purchases

3. Educate against scams

Ensure your child never shares digital wallet details in response to unfamiliar messages or emails

4. Regularly review transactions

Monthly reviews will teach your children financial management and help spot any unusual activity

5. Choose reputable digital wallet providers

Choose well-known digital wallet providers with strong security measures

6. Set up multi-factor authentication

Enable multi-factor authentication, if available, for an added layer of security

7. Keep software updated

Regular updates often contain important security patches, so always keep the app and device OS updated.


Let’s say your child wants to buy a game online using their digital wallet. With the safety measures in place, they can only spend up to the limit you've set. If they exceed it or attempt a restricted purchase, you will receive an immediate notification, allowing you to discuss the purchase with them.

While digital wallets teach children money management, we believe safety should always be a priority. These precautions ensure a secure digital spending experience for UAE families.

Tags: Family Finances Articles Security & fraud Banking knowledge Digital products & services Fraud prevention Digital protection for children Financial fraud precautions Digital security