/Realme brings Paysa for digital financial inclusion

Realme brings Paysa for digital financial inclusion

Realme Paysa

realme, the fastest growing smartphone brand, has initiated its new financial lending service called realme Paysa to disburse loans. It will be available for both realme and non-realme users across iOS and Android platforms.

This came right after its immediate rival, Xiaomi, recently introduced Mi Credit under the same ambit.

realme Paysa is available on Google Play Store in beta version in two languages, Hindi and English. Soon it will come pre-installed on all realme smartphones.

realme is targeting three areas; lending, savings and protection, payments and tools for businesses. Regarding data, realme has assured that it will be stored locally.

realme Paysa has features such as Free Credit Report, Personal Loan, Business Loan and Screen Insurance.

With the realme Paysa app, you can now take personal loans from Rs 8,000 to Rs 100,000 with very limited paperwork, a fully digital process and a repayment option from 3 to 12 months.

Meanwhile, small or medium-sized businesses can take a pure digital loan upto Rs 5 lacs and a flexible repayment tenure from 12 to 60 months.

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