Paytm rolls out 'Pocket Money' on UPI Circle, opening teen payments without bank accounts
Paytm has launched Pocket Money via NPCI's UPI Circle, enabling teenagers to transact on UPI without owning a bank account. Parents control spending with a ₹5,000 per-transaction cap and ₹15,000 monthly limit, alongside real-time visibility and instant revoke. The move expands Paytm's user funnel into Gen Z and family-linked wallets.
Paytm launched 'Pocket Money' on NPCI's UPI Circle, letting teenagers make UPI payments without a bank account. Parents set monthly limits (₹15000) with per-transaction cap of ₹5000, real-time visibility, and instant revoke controls.
Why this matters
Product expansion comes as Paytm's cap table churns, with Goldman, SocGen and Citi buying a 1.34% stake for ₹963 cr while early backers SAIF and Elevation trim. Pocket Money targets a fresh Gen Z user base.
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