New Launch18 May 2026, 09:01 am
Paytm Launches Pocket Money for Teen UPI Payments
AI Summary
One 97 Communications Ltd (Paytm) has launched 'Paytm Pocket Money,' enabling teenagers to make UPI payments without a bank account. Parents can set spending limits and monitor transactions in real-time. Individual payments are capped at ₹5,000, with a monthly limit of ₹15,000. The service integrates with Paytm Spend Summary for expense tracking and includes safety controls like payment caps and mandatory device lock.
Key Highlights
- Paytm launches Pocket Money for teenagers to make UPI payments.
- Parents can set monthly spending limits and track payments in real-time.
- Individual payments capped at ₹5,000, monthly limit at ₹15,000.
- Service integrates with Paytm Spend Summary for expense monitoring.
- Safety controls include payment caps and mandatory device lock.