Paytm rolls out Pocket Money, opening UPI payments to teens with parent-controlled spending caps
Paytm's new Pocket Money product lets minors transact on UPI without a bank account via NPCI's UPI Circle, with parents setting ₹5,000 per-transaction and ₹15,000 monthly limits. Targets canteens, metro, cabs and retail — extending UPI rails into a new under-18 cohort.
Paytm launched Pocket Money, enabling teens without bank accounts to make UPI payments via NPCI's UPI Circle feature. Parents set spending limits (₹5,000/transaction, ₹15,000/month) and monitor usage, targeting canteens, metro, cabs, and shopping payments.
Why this matters
Paytm continues to broaden its UPI footprint, following recent moves like joining Anthropic's Mythos AI consortium to stress-test payments security. Pocket Money opens a new demographic on UPI rails.
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