is Fampay Approved by RBI?

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is Fampay Approved by RBI? – I am reaching out to inquire about FamPay, India’s first payment app for teenagers and families. Specifically, I am interested in understanding if FamPay is approved by the Reserve Bank of India (RBI).

Given that FamPay plays a unique role in facilitating payments for minors without the need for a traditional bank account, I am curious about its regulatory standing. Can anyone within the community confirm if FamPay has received approval from the RBI?

Your collective insights and experiences are highly valued, and your guidance on this matter would contribute significantly to the community’s understanding of FamPay’s compliance with regulatory standards.

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