Paytm has launched Pocket Money, a supervised UPI feature built on NPCI's UPI Circle framework, allowing teenagers to transact without their own bank accounts under parental controls. The move pits Paytm against FamApp, Junio, Walrus and Akudo as fintechs chase Indian teens for early customer acquisition.

Business Today · Latest · 5/29/2026, 2:35:07 AM

Paytm has rolled out Pocket Money, leveraging NPCI's UPI Circle to let teenagers transact without bank accounts under parental supervision. The launch sharpens competition in India's teen fintech segment alongside FamApp, Junio, Walrus and Akudo, which bundle prepaid cards with parental controls.

Mint · Money · 5/23/2026, 3:15:30 AM