Venmo is testing debit cards for teens.

Venmo is testing debit cards for teens. Soon, parents will be able to create a debit card for their kids and connect it to their own Venmo account. With the new feature, adult users can receive spending notifications and set limits, while also giving their children more flexibility in emergency situations where they might be strapped for cash. YPulse personal finance and services research found that 58% of 13-to-18-year-olds wished their parents had taught them more about managing finances. (TechCrunch)