fampay

3 ARTICLES

fampay
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FamPay’s TrioTech bet misfires

The pocket money app ditched a recognized bank in favour of a little-known non-bank entity to serve as its prepaid wallet partner. It has lost customers and credibility as a result.

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FamPay eyes UPI for survival

Unable to make or raise money, the pocket money app is transitioning into a UPI-based payments platform that will no longer be exclusive to teens and their parents.

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FamPay stutters, with no revenue model in sight

The pocket money app is struggling to make money or find investors. Will becoming a neobank help?