Source: Entrackr
Number of pivots Fampay has >> Profit Fampay makes
Doesn't UPI require an Indian phone number attached to a bank account to work? Is that still a prerequisite for using Namaspay, like with other UPI services, or do they have a way to do UPI transactions without a phone number?
Because purchasing a sim card just to be able to perform cashless transactions seems slightly inconvenient
I think Fampay will create an Indian account with a custom mobile number or something. Otherwise it’s too much of a hassle
Looks like a nice idea. Just not sure how big is the market size. But certainly can charge a fee and make some revenue.
Only con is that the same can be launched by another big shot firm and be a problem pretty soon with more competition plus retaining these travelers will mostly be infrequent leading to a continuous CAC maintenance
Gopay App launched across the world today, considering that a lot is at stake for companies profit, it’ll be fun to see how the launch pans out.
What do you guys think?
Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???
