What is the use of FamPay?

With FamPay, you get access to your Card, in just 2 mins without the need of a bank account. The Card you can use for payments, matches your vibe and style and you can get it personalized too! You can transfer money instantly and track your expenses on their fingertips!

Is FamPay a credit card?

FamPay, a fintech start-up focused on online and offline card payments for teenagers, has launched India’s first Visa prepaid card — FamCard Me — for teenagers with personalised doodles on it. It will also be the first time Visa forays into numberless cards.

How do I add money to my FamPay?

How can I add money to my IDFC FIRST Bank – FamPay account? The money can be added to your IDFC FIRST Bank – FamPay account through net banking, debit card and/or by using any UPI ID. We do not allow to load through cash or credit cards.

Is FamPay card safe?

The FamCard is numberless 💳 The FamCard has no numbers on the physical card, which makes it very secure. The card number and other details (expiry date, CVV) are stored securely within the FamPay app instead of being printed on the physical card.

Can I use FamPay after 18?

Once the account holder turns 18, both the companies plan to convert it into a regular savings account. FamPay will offer a bank account from its partner (IDFC First Bank), while Fino will offer their regular savings account. “New-age accounts are better options than traditional children’s savings accounts.

Is FamPay card free of cost?

How to avail of the FamCard? To avail of the FamCard, the user needs to set up an account on the FamPay app, followed by KYC of both parents and kids. The account on the FamPay app is zero balance with no hidden or transaction charges.

Is FamPay approved by Visa?

FamPay rolled out their virtual Visa Cards in May 2021, and more than 2,00,000 users have adopted it in just the first few weeks. For every card sale, FamPay has pledged a meal for a child in partnership with Feeding India by Zomato.

Can a 17 year old use PhonePe?

Eligibility. You are 18 years of age or older; You are capable of entering into a contract /legally binding agreement; You have the right, authority and capability to enter into this Agreement abiding by all the provisions of the “terms of use” of PhonePe Services.

Can we use FamPay after 18?

Once the account holder turns 18, both the companies plan to convert it into a regular savings account. FamPay will offer a bank account from its partner (IDFC First Bank), while Fino Payments Bank will offer their regular savings account. Both the services go beyond what a bank has been offering traditionally.