New Delhi, May 25 -- Paytm's 'Pocket Money' 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.

Under the feature, parents can invite a teenager through UPI Circle, set a monthly spending limit, and track their payments as they happen. To ensure a safe experience, individual transactions are capped at Rs.5000 and the monthly limit is set at Rs.15000 across the UPI network.

The service works on savings and current accounts, with rest...