Tag: GenZ

FamPay has launched India’s first Visa Prepaid Card for teenagers with personalized doodles on it. The card will allow teens to make NFC-enabled contactless payments on the Visa network in India. The card will be available in two different designs – the FamCard and FamCard Me.

With FamPay, teens can make online and offline payments using the FamCard and the FamPay App. FamPay crossed 2 million registered users within 8 months of its launch and recently raised a Series A funding of $38 Million with Elevation Capital and Sequoia Capital as lead investors.

The FamCard Me will be the first doodle card in India. It will also be the first time Visa forays into numberless cards. Users can select from a range of 200+ doodles and signature fonts to create unique designs on their FamCard Me.

TR Ramachandran, Group Country Manager, India and South Asia, Visa said, “We are delighted to partner with FamPay as they seek to innovatively solve for digital payments for young adults and teenagers who are digital natives, adept at using novel payment methods with ease. These youngsters today are seeking user experiences that are unique and personalized, with card products they can identify with. FamCard Me caters to this growing segment of discerning consumers and we see strong potential in the Indian market. These innovative, numberless payment cards with personalized doodles will appeal to a generation that is seeking the best of innovation and convenience for its payment experience.”

FamPay Co-founder, Sambav Jain says, “We’ve had a user-first approach since day one. Our team is closely connected with our teen community to understand their lifestyle and what they love the most. As GenZs are super unique and quirky – we wanted them to express their story through their card and hence chose doodles. We are calling it the FamCard “Me” as it’s not just personalised, it is their personality.”