fintech / news / / Lokmat Times
Google Pay has introduced a new feature titled ‘Pocket Money’ Built on the Unified Payments Interface (UPI) Circle framework, this feature enables parents to permit.
Google Pay's new Pocket Money feature allows parents to add up to five secondary users.
KEY POINTS
- Secondary users can make UPI payments without needing their own bank account.
- Parents can set a monthly spending cap of ₹15,000 or require approval for each transaction.
- Activation requires KYC verification, including relationship confirmation and government ID submission.
COMPANIES
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