Mobile UPI app for teens
FamPay – UPI Card for Teens is a free-to-use financial app designed to help teenagers in India manage their funds and expenses better. This unified payments interface (UPI) app is powered by IDFC First Bank. Users between 11 to 17 years of age can register for an IDFC account and use this app to receive or send money from friends and family.
FamPay – UPI Card for Teens also works for digital payments and prepaid subscriptions, making it an excellent local alternative to apps like PayPal or Instamojo. As a mobile-only UPI app, it has its share of restrictions.
Mobile account for kids
FamPay – UPI Card for Teens essentially automates the practice of parents giving allowances to their children. Kids aged 11 to 17 don’t need to open a separate bank account. They only need to register for the app and have their account verified by their IDFC First Bank account-owning parents. Using FamPay also doesn’t require maintaining balance, letting kids enjoy their remaining balance to the fullest.
In terms of app layout, it’s designed for ease of use. The remaining balance is shown immediately, with the option to add more money to your balance. It also has a couple of user-friendly button designs with customizable links for quick actions. You can quickly send money to your repeating billers. It also has a built-in rewards system where users can view the points they have accumulated.
Still, as a mobile-only UPI, FamPay still has its restrictions. First is that it is targeted at a certain segment of the Indian population, so you have age and location restrictions on who can use the app. Additionally, it requires users to be connected to the internet when they use its services. Other than that, the app works well and runs smoothly with a reliable internet connection.
The financial app for the new generation
Designed to make allowance disbursements easier, FamPay – UPI Card for Teens is a helpful app for both parents and their children. Although it’s only restricted to a specific age group in a certain country, its features make it worthy of being emulated and redeployed elsewhere. It is easy to use and has a couple of smart features that make your succeeding transactions even more convenient.
