Smartphone maker Realme has launched Realme Paysa in the Indian market in the collision of Google Pay and Mi Credit. It will be made available on Android phones in a few months. It can now be downloaded by users who use the beta version. It has been made available on the beta version of the Google Play store. It will be pre-installed in Realme devices.
Realme Paysa is just like Xiaomi’s Mi Credit service. It will provide financial services for savings and protection, payments, etc. The company has said that the service will be activated with some features. The company has assured that all the transaction data will be stored in India. To make it user-friendly, the Paysa app will be made available with human customer service so that users will be able to chat in English and Hindi. This customer service will be available for 16 hours a day and seven days.
The Realme Paysa beta version has these features available:
Free Credit Report: This app will generate free credit reports. The first three reports will be absolutely free. The users will then have to pay the charge. This report will be generated with creditMantri’s partnership.
Personal Loan: It will provide digital loans. The loan will be a minimum of Rs 8,000. A loan of up to 1 lakh can be taken. The company has said that the loan will be made in the user’s account in 5 minutes. The repayment tenure will be from 3 months to 12 months. This loan will be given in partnership with EarlySalary.
Screen Insurance: People who break their phone displays are offered screen insurance through Paysa. This application and claim will be given in partnership with ICICI Lombard.
Also read: Realme Launched Realme Buds Air in India
Business Loan: Realme Paysa will provide loans for small businesses. The loan will range from Rs 50,000 to Rs 5 lakh. The plan will be available with digitally and flexible tenure. For this, the company has made a partnership with lendingcart.
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