Parents in UAE opt for digital wallets instead of cash for their children's allowances amid school reopening.

In the digital age, parents in Dubai are shifting towards e-money platforms for managing their children's allowances. Arfaz Iqbal, a Dubai resident, has been using the Botim platform for over six months, finding it a convenient and safer alternative to cash.

Arfaz values the accessibility of e-money platforms on his children's phones, reducing the risk of losing cash. He also appreciates the convenience of online transactions, as his children can order and pay for deliveries without worrying about change.

The shift to e-money platforms is seen as practical for teaching kids about spending and saving in a digital age. Arfaz finds Botim helpful for budgeting his children's allowances, setting spending limits, and tracking their purchases. He receives updates whenever his children make a purchase, allowing him to monitor their activity without imposing restrictions.

If necessary, Arfaz can freeze his children's accounts as a punishment. He notes, however, that children need to be taught to control their spending, as the ease of spending with e-money can be tempting.

Emirati mother Alia Abdallah shares similar sentiments. She was surprised at how easy it was to set up an e-money account and issue a card for her son. She finds it easier to track her children's e-spending compared to cash spending.

Khalifa Yousif, a student in Dubai, previously received his allowance in cash but switched to a card after finding it inconvenient to ask his father for reimbursement for online purchases. He uses the Samsung Members app, and his father is responsible for the payment of his card fee.

Delivery apps in the UAE offer online payment options, making transactions more convenient for users. However, some delivery drivers may not have enough change for cash transactions, making the process frustrating for customers. E-money platforms eliminate this issue.

Parents and children in the UAE need to understand the responsibility that comes with using e-money platforms for allowances. While they offer convenience and security, they also require discipline and financial awareness.

In conclusion, parents in Dubai are increasingly turning to e-money platforms for managing their children's allowances. These platforms offer a safe, convenient, and practical solution for teaching kids about spending and saving in a digital age. However, it is crucial for both parents and children to understand the responsibility that comes with using these platforms.

Parents in UAE opt for digital wallets instead of cash for their children's allowances amid school reopening.