PhonePe has teamed up with the micro-savings platform Jar to introduce a new feature called “Daily Savings.” This innovative feature allows users to invest in 24K digital gold, starting from as little as ₹10 a day. With a maximum limit of ₹5,000 per day, Daily Savings is designed to encourage small but consistent investments, helping individuals achieve their long-term financial goals.
Simplified Digital Gold Investment
The process of investing in digital gold through Daily Savings is incredibly easy and quick. Powered by Jar’s advanced Gold Tech platform, users can complete their investment in under 45 seconds. The entire process is seamless, making it ideal for both new investors and those familiar with gold savings.
Users can automate their daily contributions to digital gold, allowing them to save regularly without any manual effort. Additionally, they have the flexibility to pause, cancel, or redeem their gold for cash at any time. PhonePe also offers the assurance of 99.99% purity for all digital gold purchased through its platform, which is securely stored in trusted vaults.
Rising Consumer Interest in Digital Gold
Niharika Saigal, Head of InApp Categories at PhonePe, stated, “We have witnessed a growing demand for digital gold on our platform. The Daily Savings feature allows users to save in smaller, manageable amounts every day, making it easier for them to work toward their financial goals.” With the increasing popularity of digital gold as a secure and accessible investment option, PhonePe’s latest offering is set to attract a wide range of users looking to diversify their savings.
Strategic Partnership for Greater Accessibility
This collaboration between PhonePe and Jar brings together PhonePe’s massive user base of over 560 million registered users with Jar’s cutting-edge Gold Tech solution. This combination ensures that users can make their investments with ease and confidence. Nishchay AG, Founder and CEO of Jar, commented, “We are thrilled to extend our Gold Tech platform to PhonePe, making digital gold savings more accessible than ever. This partnership will enable users to save consistently and even convert their gold into jewelry if they wish.”
By simplifying the process of saving in digital gold, PhonePe and Jar aim to promote consistent saving habits among users, allowing them to build wealth in small, incremental steps.
Public Opinion :
Do you think daily saving options like this will encourage more people to invest in digital gold? How could such features influence long-term financial planning for individuals?
