YC-Backed FamPay launches first numberless payments cards for teens
Shortpedia
Content Team
Image Credit: Shortpedia
Y Combinator-backed fintech startup FamPay, on Thursday, launched FamCard, a numberless card to allow teenagers to independently transact online with minimal intervention from parents. However, the card requires top-ups from an adult but lets children spend it the way they want, under supervision. This relieves parents from giving children physical cash or their debit/credit card, and gives a sense of financial freedom to teens.
