About FamPay
Fam is a fintech platform designed to enhance financial inclusion for young people, particularly those aged 11 and older. It allows users to make quick payments using the Unified Payments Interface (UPI), completing transactions in under two seconds. Beyond just payments, Fam helps users track and manage their expenses, ensuring their bank statements remain organized. The platform provides a customized UPI and card specifically for teenagers, promoting early financial literacy. Additionally, Fam offers rewards through its FamX by Trio program, where users can earn cashback and FamCoins on their purchases, as well as participate in giveaways. A unique feature is the numberless card, which enhances security by keeping user information private. Fam's revenue model is based on transaction fees and membership fees from the FamX program. The goal of Fam is to create a comprehensive financial ecosystem that empowers the younger generation to manage their finances effectively.