Paytm\u2019s \u2018Pocket Money\u2019 feature lets teenagers make Paytm UPI (Unified Payments Interface) payments without needing their own bank account. Built on NPCI’s (National Payments Corporation of India) UPI Circle, the service is designed to let parents provide safe and controlled spending access to teenagers while retaining real-time visibility over their transactions from the Paytm app.<\/p>\n
How Paytm Pocket Money works<\/p>\n
Under the feature, parents can invite a teenager through UPI Circle<\/a>, set a monthly spending limit, and track their payments as they happen. To ensure a safe experience, individual transactions are capped at \u20b95000 and the monthly limit is set at \u20b915000 across the UPI network.<\/p>\n The service works on savings and current accounts, with restrictions on international payments and cash withdrawals. \u201cSeveral safety controls are \u2018built-in\u2019 including payments being capped at \u20b9500 for the first 30 minutes after set-up and \u20b95000 within the first 24 hours. Further, a device lock is mandatory, and parents can modify limits or revoke access instantly using their Paytm UPI PIN,\u201d Paytm said.<\/p>\n The feature is integrated with Paytm Spend Summary, which automatically categorises each payment so that families can review spending patterns and manage allowances for their teens over time, building disciplined money habits. \u201cThe feature is especially useful for families where teenagers currently rely on cash, borrow a parent’s phone, or send QR codes <\/a>to parents to pay for school and college canteens, metro rides, cabs, mobile recharges, and online shopping,\u201d Paytm said. Payment history remains visible to the parent through the Paytm app at all times.<\/p>\n Here’s how parents can enable Paytm Pocket Money:<\/p>\n