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.
What happened
Paytm launched 'Pocket Money' on NPCI's UPI Circle, letting teenagers make UPI payments without a bank account. Parents set monthly limits (₹15000) with
Key facts
- ₹5000 per transaction cap
- ₹15000 monthly limit
- ₹500 first 30 minutes
- ₹5000 first 24 hours
Why this matters
UPI Circle integration creates a defensible family-graph asset that's attractive to banks, edtechs, and D2C teen brands seeking co-branded distribution or wallet partnerships.