Fintech startup Fyp launches payments Application Together with Prepaid Card for Teenagers Yes Bank and visa. The objective behind the app is to help teenagers learn financial management and concepts at an early age as well as make them aware of digital payments and banking. users can KYC with Base leaves
Both kids and parents get Fyp Virtual Prepaid Card for making online transactions. There is an option to order an NFC-enabled physical prepaid card for offline transactions on payment of a one-time subscription fee.
FYP holographic card. It is a secured numberless card that comes with one-tap block feature on the Fyp app. FIP App It is said to include gamification features where parents can help their kids learn money management concepts.
Kapil Banwari, Founder and CEO, FYP said, “The idea behind the development of FYP is to bridge the financial literacy gap amongst adolescents. Given the lack of awareness about the banking system and financial instruments, people often struggle to manage personal finances while starting their jobs. At FYP, we are focused towards developing financially responsible children by giving them 360-degree exposure to financial management concepts from an early stage. We aim to make this concept a part of the school curriculum. We have witnessed phenomenal participation of 100K+ users on the app especially from Tier 2 and Tier 3 cities within 10 days of launch. ”
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