New Delhi, May 18 -- Digital payments company Paytm on Monday, 18 May launched Paytm Pocket Money, allowing teenagers without a bank account to make UPI payments.

In a disclosure statement sent to the Bombay Stock Exchange (BSE), Paytm said that with this new launch teenagers can make UPI payments independently, "without relying on cash or a parent to complete payments on their behalf."

Paytm Pocket Money also allows parents or any trusted family member to set monthly spending limits and keep real time visibility on their teenagers' UPI spends through the platform.

"With Paytm Spend Summary, families can review spending patterns, manage allowances better, and guide teenagers toward safe, responsible money habits early," the company sai...