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What is FamPay?
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Fampay is a financial technology company it's headquarter is in Bengaluru, India. Fampay was founded in 2019 by IIT Roorkee graduates Kush Taneja and Shambhav Jain. The Fampay company offers a family-oriented cashless payment application enabling teenagers to receive money from their parents and spend it digitally without opening bank account.
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FamPay is an online and offline card payment for teenagers that helps them to make payments, online and offline through the FamCard. It also allows parents to send money to their kids. The company was founded in 2019 and is headquartered in Bengaluru, Karnataka, India.
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FamPay is an Indian fintech company that offers a payments app and card designed for teenagers.
- Target Audience: Aimed at teenagers and their families.
- Services: Provides teens with a UPI (Unified Payments Interface) ID and a card to make online and offline payments.
- Purpose: Intended to help teenagers become familiar with digital payments and manage their finances under parental supervision.
FamPay collaborates with banks to provide these financial services. Parents can load money onto the FamPay account, which the teenager can then spend.