New Delhi, May 23 -- With Paytm⁠ launching Pocket Money, a feature that allows teenagers to make UPI payments without having their own bank account; India's fintech space is once again drawing attention. The feature, built on NPCI's UPI Circle framework, lets parents authorise and supervise payments while teenagers use UPI for daily transactions such as food, transport, shopping, and school expenses.

The launch also highlights a growing category of fintech apps focused on younger users who are not yet eligible for full banking access. These apps typically combine prepaid wallets or cards with parental controls, spending limits, and financial literacy features.

Here are eight apps and platforms offering similar services for teenage...