FamPay App Refer And Earn Get Upto Rs.50 2023 : How To Install & Withdraw ,All Information Available Here

FamPay App Refer And Earn 2023. Fampay is an Indian fintech startup that offers a digital payment app for teenagers in India. The app allows users to make payments, split expenses with friends, and manage their money through a digital wallet. Fampay aims to provide a safe and secure platform for teenagers to make transactions and learn financial responsibility.

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Some of the key features of the Fampay app include the ability to create a virtual prepaid card, set spending limits, and monitor transaction history. The app also offers rewards and cashback for making purchases through the platform.

Fampay is based in Bangalore, India, and was founded in 2019. The company has received funding from various investors, including Y Combinator and Matrix Partners. Fampay is one of the few companies in India that focuses on digital payments for teenagers, and has the potential to play a significant role in shaping the future of digital payments in the country.

FamPay App Features and Benefits

The FamPay app offers a range of features and benefits to its users. Here are some of the key features and benefits of the app:

Digital Payments: The FamPay app allows users to make digital payments and transactions through the app. Users can add money to their FamPay wallet using their UPI ID, net banking, or debit card, and then use that money to make payments to merchants or to send money to friends and family.
Virtual Prepaid Card: The app provides users with a virtual prepaid card that can be used to make online and offline payments. This virtual card can be used anywhere that accepts VISA payments.
Parental Controls: The app comes with parental controls that allow parents to set spending limits and monitor their children’s spending habits. Parents can also use the app to transfer money to their children’s accounts.
Rewards and Cashback: FamPay offers rewards and cashback to users who make transactions through the app. Users can earn points that can be redeemed for discounts or cashback on future purchases.
Split Expenses: The app allows users to split expenses with their friends. This feature is particularly useful for group outings, where everyone can split the bill using the app.
Security: The app is built with security in mind and uses the latest encryption technologies to protect user data. The app also requires users to set a PIN to access their account and to make transactions.

Disadvantages of the FamPay App

While FamPay has a number of advantages, there are also some potential disadvantages to be aware of. Here are some possible drawbacks of the FamPay app:

Limited Usage: The FamPay app is designed specifically for teenagers, and as a result, it may not be as useful for adults or for people who need more advanced features in their digital wallet.
Dependency on the Internet: The app requires an internet connection to work, which means that users may not be able to make payments if they are in an area with poor network connectivity.
Limited Acceptance: While the app allows users to make payments at any merchant that accepts VISA, there may still be some merchants that do not accept digital payments or virtual prepaid cards.
Fees: The app may charge users certain fees for transactions, such as a fee for transferring money to a bank account or for cashing out rewards points.
Cybersecurity risks: As with any digital payment app, there is always a risk of cybersecurity threats such as hacking or identity theft. While FamPay takes security seriously, it is important for users to be aware of these risks and to take steps to protect their personal information.

It is important to note that these disadvantages are not unique to FamPay and are common to many digital payment apps. Despite these potential drawbacks, FamPay remains a popular and convenient app for teenagers in India to make digital payments and manage their money.

Download the FamPay app from the provided link. Note that the app is exclusively available for teenagers between the ages of 13-19.
Open the FamPay app and tap on the “Get Started” option.
Enter your Aadhar linked mobile number and verify it with an OTP.
On the following page, enter the referral code “GUNA5FWTK” to receive FamCoins and a scratch card as a sign-up bonus.
Submit your name, last name, and date of birth on the subsequent page.
To complete your KYC, tap on the “Activate Now” button and enter your Aadhar card number.
Verify your OTP and allow all necessary permissions for successful KYC verification.
After verifying your KYC, you will be on the app’s dashboard and receive 700 FamCoins or ₹50 as a sign-up bonus.
If you want to earn additional rewards, FamPay UPI Beta is also available. Simply set up your UPI ID to receive an instant bonus of ₹50 in your UPI bank account.

Please keep in mind that these instructions may not be accurate or up-to-date, as the FamPay app and its features are subject to change over time

FamPay Process for Withdrawing Referral Amount

If you have earned referral rewards on FamPay, you can withdraw the amount to your bank account. Here’s how to withdraw referral amount on FamPay:

Open the FamPay app and log in to your account.
Tap on the “Rewards” tab on the home screen.
Scroll down to the “Referral Rewards” section and tap on “Withdraw“.
You will be asked to enter the amount you want to withdraw. Enter the amount and tap on “Next“.
You will then be prompted to confirm the withdrawal. Tap on “Confirm“.
You will receive a message confirming that your withdrawal request has been submitted.
The withdrawal amount will be credited to your bank account within 24-48 hours.

Note that FamPay charges a fee for withdrawing referral rewards, which is currently set at 2.5% of the withdrawal amount or a minimum of ₹10. You will also need to ensure that the bank account details you have provided on the app are accurate and up to date, to avoid any delays or issues with the withdrawal process.

Hago App 2023 : Process To Sign Up & Free Diamonds,Obtain Complete Information Here

1)How do I register for FamPay?
Ans Download the FamPay app from the App Store or Google Play and follow the on-screen instructions to create an account. You must provide your mobile number and email address, as well as your name, address, and proof of identity, to complete the KYC (Know Your Customer) process.

2)How do I replenish my FamPay wallet?
Ans You can fund your FamPay wallet with a UPI ID, net banking, or debit card. Simply open the app, navigate to the “Add Money” section, enter the amount you want to add, and follow the on-screen instructions to complete the transaction.

3)How do I get money out of my FamPay wallet?
Ans Money can be transferred from your FamPay wallet to your bank account. Simply navigate to the app’s “Withdraw” section, enter the amount you want to withdraw, and follow the on-screen instructions to complete the transaction.

4)Can I make purchases at any merchant using FamPay?
Ans FamPay can be used to make purchases at any merchant that accepts VISA. However, some merchants may refuse to accept digital payments or virtual prepaid cards.

5)How do I earn rewards through FamPay?
Ans You can earn rewards on FamPay by using the app to make purchases or by referring friends to the app. Reward points can be used to get discounts or cashback on future purchases.

6)Can parents monitor their children’s FamPay transactions?
Ans Yes, parental controls are available with FamPay, allowing parents to monitor their children’s transactions and set spending limits on their accounts. Parents can use the app to deposit funds into their children’s accounts.