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Fampay
3.6
based on 18 Reviews
Company Overview
Company Locations
Working at Fampay
Company Summary
Online payment services for teens without a bank account.
Overall Rating
3.6/5
based on 18 reviews
3% below
industry average
Critically rated for
Promotions, Skill development, Salary
Work Policy
Monday to Friday
73% employees reported
Flexible timing
90% employees reported
No travel
87% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
1 employee reported
View detailed benefits
About Fampay
Founded in2019 (6 yrs old)
India Employee Count11-50
Global Employee Count11-50
India HeadquartersBangalore,Karnataka, India
Office Locations
Websitefampay.in
Primary Industry
Other Industries
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FamPay is India’s first payment app for teenagers and their families. With FamPay, minors can do UPI, P2P and card payments without the need to set up a bank account. FamPay allows parents to send money to their kids below the age of 18, which they can spend securely any time, anywhere, under parent’s supervision. FamPay aims at making payments smooth and fun for children.
Mission: We are raising a new, financially aware generation of Indians who understand the fundamentals of personal finance and are capable of making decisions in their best long term interest.
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Fampay Ratings
based on 18 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
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5
3
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Category Ratings
3.3
Work-life balance
3.0
Company culture
2.9
Work satisfaction
2.8
Job security
2.8
Salary
2.7
Skill development
2.7
Promotions
Fampay is rated 3.6 out of 5 stars on AmbitionBox, based on 18 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Fampay Reviews
Compare Fampay with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 18 reviews | 3.2/5 based on 122 reviews | 4.3/5 based on 169 reviews | 3.5/5 based on 143 reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary Skill development Work-life balance | No highly rated category |
Critically Rated for | Skill development Promotions Salary | Job security Work satisfaction Skill development | No critically rated category | Promotions Work satisfaction Skill development |
Primary Work Policy | - | Work from office 100% employees reported | Work from office 45% employees reported | Work from office 90% employees reported |
Rating by Women Employees | 3.9 Good rated by 6 women | 3.6 Good rated by 37 women | 4.4 Good rated by 32 women | 3.3 Average rated by 45 women |
Rating by Men Employees | 3.3 Average rated by 10 men | 2.9 Poor rated by 69 men | 4.4 Good rated by 120 men | 3.6 Good rated by 96 men |
Job security | 2.8 Poor | 2.7 Poor | 4.1 Good | 3.3 Average |
View more
Fampay Salaries
Fampay salaries have received with an average score of 2.8 out of 5 by 18 employees.
Brand Manager
(5 salaries)
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₹16 L/yr - ₹20.5 L/yr
Product Manager
(5 salaries)
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₹18 L/yr - ₹30 L/yr
Software Engineer
(4 salaries)
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₹7 L/yr - ₹40 L/yr
Backend Developer
(4 salaries)
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₹15 L/yr - ₹20 L/yr
KYC Executive
(3 salaries)
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₹2.5 L/yr - ₹3.5 L/yr
Data Analyst
(3 salaries)
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₹6 L/yr - ₹18 L/yr
Product Designer
(3 salaries)
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₹27 L/yr - ₹28 L/yr
Android Engineer
(2 salaries)
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₹22.5 L/yr - ₹28.8 L/yr
Front end Engineer
(2 salaries)
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₹19.4 L/yr - ₹24.8 L/yr
Marketing Officer
(2 salaries)
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₹21.2 L/yr - ₹27 L/yr
Fampay Jobs
Popular Skills Fampay Hires for
Current Openings
Fampay News
Root Cause Analysis: A Growth Case Study
- In a growth case study at FamPay, the focus was on addressing a critical growth problem through thorough root cause analysis.
- Awareness of GPRC among users was low, leading to high funnel drop-offs and ineffective messaging strategies.
- Changes were made to emphasize BGMI and Free Fire, optimize in-app designs, and enhance the Play Store listing to boost awareness.
- Segmentation based on the RFM framework enabled targeted marketing strategies towards different user personas.
- Engagement strategies included social media giveaways, timely nudges, exclusive tournaments, and gamified challenges to keep users engrossed.
- The focus on engagement led to a significant increase in GPRC MTU share and a substantial rise in revenue.
- Strengths included a smooth purchase flow and user trust, while weaknesses included external demand influences and low repeat transactions.
- Opportunities lay in strategic partnerships, SEO optimization, and expanding the age bracket for increased revenue streams.
- Threats revolved around regulatory uncertainty, especially in cases like a potential ban on games affecting demand.
- Challenges included revenue drops post BGMI ban, less effective tiered rewards, concerns of being spammy with notifications, and underwhelming results from combo reward experiments.
Medium | 17 Mar, 2025
Root Cause Analysis: A Growth Case Study
- FamPay faced a growth problem with scaling revenues from Google Play Recharge Codes (GPRC).
- Only 5% of Monthly Transacting Users (MTU) were purchasing GPRC.
- The major use-case of GPRC for users appeared to be in-app purchases in mobile games like BGMI and Free Fire.
- Insights were gathered from both GPRC buyers and non-buyers to understand purchase behavior and reasons for non-engagement.
Medium | 14 Mar, 2025
Root cause analysis on Google Play Recharge Codes
- Only 5% of FamPay's Monthly Transacting Users (MTU) were purchasing Google Play Recharge Codes (GPRC)
- Problem statement: Why are only 5% MTU purchasing GPRC?
- GPRC buyers primarily redeemed them for in-app purchases in games like BGMI and Free Fire
- Spikes in purchase value and volume were positively correlated with in-game events and special offers
Medium | 13 Mar, 2025
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Fampay FAQs
When was Fampay founded?
Fampay was founded in 2019. The company has been operating for 6 years primarily in the FinTech sector.
Where is the Fampay headquarters located?
Fampay is headquartered in Bangalore,Karnataka and has an office in Bangalore / Bengaluru
How many employees does Fampay have in India?
Fampay currently has approximately 30+ employees in India.
Does Fampay have good work-life balance?
Fampay has a work-life balance rating of 3.3 out of 5 based on 10+ employee reviews on AmbitionBox. 33% employees rated Fampay 3 or below, while 67% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read Fampay reviews for more details
Is Fampay good for career growth?
Career growth at Fampay is rated as poor, with a promotions and appraisal rating of 2.7. 33% employees rated Fampay 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Fampay reviews for more detailed insights.
What are the cons of working in Fampay?
Working at Fampay does have some drawbacks that potential employees should consider. The company is poorly rated for skill development, promotions / appraisal and salary & benefits, based on 10+ employee reviews on AmbitionBox.
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