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Services that facilitate cashless transactions for teenagers become popular in India
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FamPay has grown to more than 2.5 million registered users, from less than 70,000 users in the third quarter of 2020.
PHOTO: FAMPAY
NEW DELHI - Dhruv Garg is like every other upper middle class Indian teenager - a digital native whose life is hooked to the Internet. This includes shopping on Amazon for school essentials and ordering fast food together with friends through delivery services such as Swiggy.
But doing so has involved a recurring hassle - bothering his parents for their credit cards' CVV (card verification value) as well as the bank's OTP (one-time password) each time he makes an online transaction.
