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India’s first neobank for teenagers
With FamPay, minors can do UPI, P2P and card payments without the need to set up a bank account. FamPay allows parents to send money to their kids below the age of 18, which they can spend securely any time, anywhere, under parent’s supervision. FamPay aims at making payments smooth and fun for children.
FamPay offers FamApp, a neobank-style platform designed to provide teenagers with a spending account (FamX), a customized card, and UPI ID access to manage and track expenses. It emphasizes teen-friendly features, instant UPI payments, and rewards on everyday spends within a single app.
FamApp provides a spending account called FamX with a customized UPI ID and a numberless card. It enables quick payments using fingerprint/Face ID, supports UPI and card payments, and allows users to scan Pay with personalized QR themes. The app focuses on expense tracking, budgeting, and keeping bank statements clean, while offering cashbacks, FamCoins rewards, and discounts. Users can recharge, pay bills, shop online, and access 24/7 support; the product is marketed as suitable for ages 11+ with doodle card customization and quick payments under 2 seconds.
Who it’s for: Teenagers aged 11+ and their guardians in India, along with families seeking a teen-focused digital spending account and card.
Hiring/traction mentions implied by growth prompts and mentions of millions of users; marketing highlights and customer testimonials indicate active user base.
Founder at FamPay (YC S19) Building the future of payments for teenagers in India
India's first learning-focused neobank for teenagers
Credit Card for college students based on UPI.
