Muvin wallet is gonna close soon
Most prepaid card business will close, fampay may survive because investors have already poured a lot of money in it. I think it’s trying to be like cred where UI&UX is going to be their main focus it may work also, because Paytm, phone, mobikwik have become too cluttered.
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I do feel most of these prepaid cards or wallet companies (Talking about companies whose only product is this one) are not bringing anything unique.
They just offer a prepaid card just like their competitors, with some colourfull cards 
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I also agree with your point. Most prepaid cards are not targeting the main problems or needs of the customer, such as budgeting, a smooth uncluttered UI/UX, UPI with the prepaid wallet, auto-add money features, etc.
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@Aswin_Benny I agree with your point that a prepaid card should be more than a colorful card. OmniCard, one of the prepaid wallets, provides both a RuPay keychain and an unlimited virtual prepaid card, which is a good thing. A prepaid wallet should be a payment ecosystem consisting of a prepaid card, UPI, and keychain/NFC tag, etc.
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yes, in May 2023. not a great card but for hdfc specific offers you can get it.
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Well if you are trying through Payzapp route, then no luck but yesterday I opened HDFC app and and in Inbox I saw offer for this card and interestingly it said I was eligible for this card and I applied and got it instantly even though Payzapp still shows not eligible. As @BeingIncog bro pointed out not a great card but it’s good for 99 rs annual fee and 25000 spend for annual fee waiver. So go for it if you are eligible.
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Despite RBI crackdown, Slice income grows 3X to Rs. 847 crores in FY23.
https://entrackr.com/2024/01/despite-rbi-crackdown-slice-income-grows-3x-to-rs-847-cr-in-fy23/
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So there are some that seem to make Payments Bank work out for them (coughs) Paytm.
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There is a joke to be made here, but I still want the card, so I won’t
This means we can still do UPI if it is linked the other Bank account not the Paytm bank right?
But why?
Finally some good news, I reported against Paytm many times, but Paytm don’t resolved my problem, they don’t take any action.
Then I stopped to use Paytm payments Bank, usually I use payment bank for daily transaction to unknown merchants and persons to safeguard my original accounts , I always share Paytm UPI id to every app and users to receive money via UPI, then I transfer the full money to the original account.
Paytm bank UPI working with zero failure and full control easily accessible by the app.
But they sell your personal data , their is no data privacy, they refund failed transaction to longtime , many problems with Paytm.
