One 97 Communications Limited (Paytm) has launched a new feature called Paytm Pocket Money aimed at teenagers, allowing them to make UPI payments independently without owning a personal bank account, while giving parents and family members spending oversight and control, as per the exchange filings.
The new offering has been designed to bring everyday teenage spending into a digitally monitored ecosystem through the Paytm app.
The company said teenagers can now make payments for activities such as school and college canteens, metro travel, cabs, mobile recharges and shopping using Paytm UPI across online and offline merchants.
Instead of depending on cash or requesting payments from parents for routine purchases, users can access controlled digital payments directly through their mobile devices.
The system works through NPCI’s UPI Circle infrastructure, allowing parents or trusted family members to invite teenagers onto the platform and define usage controls.
Parents and guardians can set monthly spending limits, track transactions in real time, and revoke payment access instantly if required.
The service currently allows individual transactions of up to ₹5,000 and a total monthly limit of ₹15,000 across the UPI network.
Paytm has also introduced multiple safety layers within the product. During the first 30 minutes after activation, payments are capped at ₹500, while the first 24 hours carry an overall limit of ₹5,000.
Device lock functionality has been made mandatory, while all transactions continue to require UPI PIN authentication. International payments and cash withdrawals remain restricted under the feature.
The company stated that payment visibility and spending controls remain accessible through the Paytm app itself.
A major part of the offering is its integration with Paytm Spend Summary, which automatically categorises transactions and spending behaviour.
This allows families to review expense patterns, manage allowances more efficiently, and monitor how teenagers use digital payments over time.
According to a Paytm spokesperson, the platform enables teenagers to use “Paytm UPI for everyday payments” while also helping families build “responsible money habits early”.
Users can activate the feature by updating the Paytm app, selecting the “Pocket Money” option under mobile or contact payments, completing verification and linking a primary bank account using UPI PIN authentication.
The invited teenager must then accept the request before activation is completed.
The launch further expands Paytm’s presence in consumer-focused financial services as the company strengthens its ecosystem across mobile payments, QR-based transactions and digital financial products.
Read More: Paytm Share Price in Focus as Company Rules Out NBFC Licence Plans!
As of 18 May 2026, at 11:20 AM, One97 Communications Ltd share price is trading at ₹1,087.90 per share, reflecting a decline of 3.83% from the previous closing price.
With Paytm Pocket Money, the company is targeting a new segment within India’s growing digital payments ecosystem by combining supervised spending controls with independent UPI access for teenagers.
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Published on: May 18, 2026, 12:14 PM IST
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