India’s first Neobank for teenagers FamPay has launched India’s first numberless card on Thursday. FamCard– the numberless card will give cashless convenience to millions of teens and their parents. Teenagers can now use FamCard like a debit card to make payments independently, without asking parents for physical cash or their debit/credit card.

We have launched India's first #NumberlessCard – FamCard!! 🚀 It's just like a debit card, but this time for "18 and below"! 🤩 #FamCard is extremely secure, specially designed for teenagers, and helps in #contactless payments offline.https://t.co/1iimQAqJxl via @economictimes

— FamApp: UPI & Card (@FamAppByTrio) July 16, 2020

Minors can also pay online/offline by using FamCard as it doesn’t require any bank account. Every transaction is protected with device locks like a fingerprint, Face ID, pattern lock, or PIN.

As FamCard is a numberless card, all the card details are saved on the FamPay app and there is no need to refer to the physical card to fill in details during online transactions. If in any case card gets stolen, there’s no fear as the card can be paused, blocked, and managed at fingertips on the app.

“Months into the pandemic, people have become more cautious with using cash. Digital payments has become the ‘new normal. None of these apps however, gives the pre-banked segment of minors access to digital payments, making them totally dependent on cash or their parents’ cards for the last mile of completing a transaction”, said Sambhav Jain, Co-Founder, FamPay.

He also added “Since our launch just two months ago, we’ve received high demand with  30K+ downloads already. In addition to the card, we give teens their own unique UPI ID with which they get first-hand access to the growing UPI Payments network.

FamPay worked with NPCI to make this ‘first in India’ numberless card and it has been launched in partnership with IDFC Bank and is accepted across the RuPay payment network of merchants.

The numberless card can be ordered once the account is set up on the app, after both the parent and teen complete their KYC online. FamPay app is available for both Android and iOS on the Google Play Store and Apple Store respectively.

The FamCard is an innovative consumer solution for India’s Gen-next population.

https://blog.fampay.in/fampay-announces-launch-of-indias-first-numberless-card/