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FamPay launched India’s 1st numberless card, Famcard

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    Polity & Governance
  • Published
    23rd Jul, 2020
  • FamPay, India’s first Neobank for teenagers, in partnership with IDFC First Bank launched India’s 1st numberless card, FamCard.
  • FamPay with National Payments Corporation of India (NPCI) developed this card.
  • For every transaction a ‘Flash PIN’ is generated.
  • Can maintain zero balance & no hidden cost– They can maintain a zero balance and there are no hidden charges or costs attached to any transactions.
  • Karur Vysya Bank has launched India’s 1st prepaid wallet card ‘Enkasu’ (My cash in Tamil) in Karur, Tamil Nadu (TN) under its Quit cash movement.