FamPay

Online and offline card payments for teens

14 followers

Online and offline card payments for teens

14 followers

Visit website

Neobanks

FamPay is India’s first neobank for teenagers and their families. With FamPay and its numberless card, minors can successfully make online and offline payments without the need to set up a bank account.

Launch tags:Fintech•Payments•Tech

Launch Team

Wispr Flow: Dictation That Works EverywhereStop typing. Start speaking. 4x faster.

Promoted

That's great. But what can you tell about its security? There are dozens of apps like that and most of them can't protect you from hacking and stealing your money. That's why we need more payment services with tokenization PCI. If you want to know what is tokenization in payments then follow here at https://www.verygoodsecurity.com/blog/posts/tokenization-and-pci-compliance-everything-you-need-to-know

Report

6yr ago

FamPay

Maker

Hey there PH! I am Kush, Founder of FamPay (YS S19) We are two college grads who built fampay because we were disappointed that schools or banks don't focus on educating the youth about the fundamentals of personal finance, which is the backbone of good financial health. We realized that in today’s cashless era, the only thing that can make people more responsible with money was practical learning. On discovering that the GenZ usually has no bank accounts, no access to digital payments and is totally dependent on cash from parents, we decided to create the first accounts for them with a spending card, and that’s when FamPay was born. We are looking for the builders of the first order to join us, hit us up at founders@fampay.in if you are interested! Cheers Kush & Sambhav! P.S: we are all ears for the story of your first-ever transaction, while in teenage, that you may have! Please share :) @sambhav_jain5

Report

6yr ago

hutsyhomes

Really cool product/service! Very important to teach kiddos financial responsibility from young especially in the growing-ly digital world! Love this ❤

Report

6yr ago

Brilliant stuff! Like your value proposition of making payments as easy as sending photos. Look forward to trying this soon.

Report

6yr ago

Good Job ! What about Security ?

Report

6yr ago

@basim_aman It's backed by a bank.

Report

6yr ago

FamPay

Maker

@basim_aman Since we're integrated with the Bank and are certified by PCI DSS, which are the basic standard security practices followed by major fintech companies. We also some measures in the app which doesn't allow teenagers directly to add money, or transact more than a certain amount without the consent of their parents :) Also, we give out numberless cards which are much more secure. And the card can be managed through the app by the kid and the parent. It can be paused or blocked instantly.

Report

6yr ago

so you have semi closed wallet licence?

Report

6yr ago

This app is really revolutionising the way teenagers spend and manage their money

Report

6yr ago

Pros

Cons

Reviews