Paytm’s Pocket Money Targets Teen Payments With Parent Controlled UPI Access
Paytm has introduced “Pocket Money”, a feature that allows teenagers to make UPI payments without having their own bank account. The system is built on the National Payments Corporation of India’s (NPCI) UPI Circle framework, which allows delegated payment access under parent-controlled limits.
The move signals how payment companies are starting to expand UPI adoption beyond traditional account holders and into supervised family payment models.
UPI Usage Is Becoming Younger
India’s Unified Payments Interface (UPI) has already moved beyond peer-to-peer transfers and merchant payments into everyday lifestyle spending. Teenagers and students are increasingly becoming active digital consumers, particularly in urban markets where QR-code-based payments dominate small-ticket transactions.
However, regulatory and banking structures still require minors to depend heavily on guardians for financial access.
Paytm’s new feature attempts to bridge that gap by allowing teenagers to transact through their own phones while parents retain financial oversight. Under the model, parents can...
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