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Vivek Sharma

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Fintech major PhonePe has partnered with financial fitness platform Jar to roll out a new ‘Daily Savings’ feature on its platform for the purchase of digital gold. According to PhonePe’s statement, the product will allow users to save money in 24K digital gold through small, daily contributions. Users can start saving amounts from as low as INR 10, up to a maximum of INR 5,000 each day in digital gold. The product will streamline the digital gold investment process in under 45 seconds, powered by Jar’s integrated Gold Tech solution. Initially, this technology will be available to partner businesses, allowing them to offer digital gold savings. Additionally, the product will ensure easy fund transfers and payments. “Automated daily contributions make it easy to save consistently without manual intervention. Users have the option to pause or cancel their Daily Savings anytime, or redeem the gold for cash whenever they want,” the statement added. Source: Inc42

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