India has welcomed Fibble, a new Neobank exclusively designed for couples. The company will be leveraging India’s UPI real-time payments platform. It will enable couples to manage their funds as a team, enabling the users to open their accounts immediately. In addition, the banking solution will enable users to operate multiple accounts on a single app.

When the couple opens the account, each of them will have their physical card, while they can still use their virtual cards using their mobile device. Also, the account does not have any hidden fees or minimum balance requirements, which makes it very attractive for users.

The new app provides the opportunity for couples to set targets and create milestones, allowing them to track their progress. Users also have the opportunity to gain insights on how to use and save money.

Additionally, the solution automatically sends a notification to the users when they have almost reached their set limits, and pools the funds according to the ratio of contributions. Another feature of the app is the green card credentials, which ensures that each card transaction contributes to the planting of a tree. The Indian market is gradually opening to the world of digital finance, with lots of companies entering the market to offer different products.

Neobank FYP Partners In A Cross-Promotional Deal

Meanwhile, another Neobank FYP, specifically designed for teenagers, has announced a partnership deal for the upcoming movie 83. The TVC for the cross-promotional partnership will be launched online and on OTT platforms. The movie is based on India’s historic Cricket world cup win in 1983.

The partnership is in line with the breakthrough that FYP is looking to bring to the industry. It plans to raise financial literacy among teenagers, preparing them to be independent and financially responsible in the future.

According to FYP, training teenagers to be financially literate is very important for them to understand the basics of financial management.

Chief Executive Officer of FYP, Kapil Banwari, says the platform wants to close the financial literacy gap among teenagers. The platform plans to offer digital payments exposure via customized features in the FYP app, Banwari added.