Zeta's 'Fusion' platform to power FamPay's neo-banking solution

Bengaluru, Oct 22 (IANS) Banking tech company Zeta has announced that its embeddable banking API-based platform 'Fusion' will power FamPay's neo banking solution for 'Generation Z'.FamPay, a neobank for teenagers, enables the unbanked youth to pay online and offline through their own UPI ID and a numberless prepaid card.The company will integrate Fusion's card issuance capability and dynamic PIN solution to offer Indian teens effortless and delightful payments experience, a joint statement said.Fusion, through its API-based platform, offers all the capabilities needed for a fintech to build financial products easily.Murali Nair, President for Banking at Zeta, said: "The banking ecosystem is fairly complex and building a compliant and secure financial product can be quite time-consuming. But with Fusion's embeddable banking solution, FamPay can go to market faster with innovative features and world-class user interface and user experience.""We have taken two further steps in innovation and security with the Flash PIN feature, which will be powered by Zeta Fusion's Super PIN, enabling a truly painless, contactless and secure experience for our users in this new normal," said Kush Taneja, Co-Founder, FamPay.
--IANS rrb/vd