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videos | IST

Startup Street: FamPay launches India’s first numberless card for teenagers

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FamPay is India’s first neo bank for teenagers that allows them to make UPI and P2P transactions through their own unique UPI ID without the need to set up a bank account has recently launched India’s first numberless card – FamCard.

FamPay is India’s first neo bank for teenagers that allows them to make UPI and P2P transactions through their own unique UPI ID without the need to set up a bank account has recently launched India’s first numberless card – FamCard. The venture claims that FamCard is just like a debit card, but teens now have the added advantage of a card to make contactless payments independently. To find out more, CNBC-TV18’s Shruti Mishra caught up with Kush Taneja, Co-Founder of FamPay.
Also, CNBC-TV18’s Megha Vishwanath spoke to Sudeep Singh, Founder and CEO of MPowered about the USD 21 million that the company has raised in a pre-series A round, from a group of US-based high networth individuals or HNIs.