Disclosure under regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015-Press Release titled as "Paytm Launches Pocket Money, Bringing Paytm UPI Payments ....
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Paytm has launched 'Pocket Money', a new feature enabling teenagers to make UPI payments without requiring their own bank account. The product uses UPI Circle by NPCI, allowing parents and family members to invite teenagers, set monthly spending limits up to ₹15,000, and monitor transactions in real time. Individual payments are capped at ₹5,000, with additional safety controls including ₹500 limits in the first 30 minutes and ₹5,000 within the first 24 hours after setup. This targets the underserved teen segment who currently rely on cash or parents for everyday payments like school canteens, metro rides, and shopping. The product integrates with Paytm Spend Summary to help families track spending patterns and build financial habits.
This launch expands Paytm's addressable user base to teenagers, potentially driving new user acquisition and increased transaction volumes. However, the impact on revenue is likely modest given the low spending limits, and it may take time before material contribution to financials is visible.