Data Biz Times
No Result
View All Result
Sunday, June 1, 2025
  • Login
  • Home
  • Tech
  • Start up
  • Economy
  • Markets
  • Real Estate
  • Opinion
  • Others
  • Privacy Policy
  • Advertise
Subscribe
Data Biz times
  • Home
  • Tech
  • Start up
  • Economy
  • Markets
  • Real Estate
  • Opinion
  • Others
  • Privacy Policy
  • Advertise
No Result
View All Result
DataBizTimes
No Result
View All Result
Home Business

PhonePe partners with Jar to launch daily savings in digital gold

by databiztimes.com
1 October 2024
0
PhonePe partners with Jar to launch daily savings in digital gold
Share on FacebookShare on Twitter

DBT Bureau

Pune, 1 Oct 2024

PhonePe, announced its partnership with Jar to launch its new product offering ‘Daily Savings’ on its platform, enabling users to save money in 24K digital gold through incremental daily contributions. With Daily Savings, users can set aside as little as Rs10 per day, up to a maximum of Rs5000 per day in digital gold, empowering individuals to build a consistent savings habit.

The product is powered by Jar’s integrated Gold Tech solution that streamlines the digital gold investment process in just under 45 seconds. Initially exclusive to users within its ecosystem, Jar’s Gold Tech stack is now available to partner businesses who can provide their users with the ability to save in digital gold. Jar’s integration with PhonePe’s existing payment ecosystem ensures easy fund transfers and payments. Automated daily contribution makes 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.

PhonePe has seen a growing consumer preference for affordable, convenient and secure digital gold savings options. Furthermore, Digital Gold eliminates the hassle of worrying over security and logistics, allowing for a shift in consumer behaviour. This strategic alliance combines PhonePe’s strong user base of 560+ mn registered users with the Gold Tech stack of Jar to seamlessly handle a significant volume of transactions, ensuring that users can transact with ease and security.

Speaking on the launch of the new product, Niharika Saigal, Head of InApp Categories, Consumer Payments, says, “We have seen a significant surge in adoption of Digital Gold on our platform in recent years. We are thrilled to introduce Daily Savings, a product designed to facilitate bite sized everyday savings through 24K Digital Gold. By starting small and saving consistently, individuals can progressively work towards achieving their financial goals.”

“We are excited to expand Jar’s capabilities beyond our own platform and offer 360-degree services around gold savings, while also enabling users to convert their savings into jewellery through our in-house brand, Nek.” said Nishchay AG, Founder and CEO, Jar.

“By offering our Gold Tech platform to PhonePe, we are enabling brands to seamlessly integrate gold savings into their services. This marks a significant milestone for Jar as we continue to empower businesses and individuals alike with simple, scalable solutions for financial fitness, making gold savings more accessible than ever.”

PhonePe offers 99.99% purity-certified 24K Digital Gold from leading and trusted partners, with over 1.2 Crore customers from 19,000+ postal codes in India having bought high purity 24K gold on the PhonePe platform at transparent prices. The accumulated gold is stored digitally in the user’s account, backed by physical gold stored in secure vaults.

Popular Stories

  • Top IT CEOs salary rise in FY24 despite slowdown blues

    Data Story: Operating margins of top Indian IT firms in FY25

    0 shares
    Share 0 Tweet 0
  • Data Story: Paradip Port Traffic Report for 31 May

    0 shares
    Share 0 Tweet 0
  • Prof PR Mukund on his new book ‘Numbers & Symbols in Vedic Thought’ with Data Biz Times

    0 shares
    Share 0 Tweet 0
  • Data Story: Is Sonata Software a growth story?

    0 shares
    Share 0 Tweet 0
  • TCS CEO earns over Rs 26 crore as employee salaries see healthy hike

    0 shares
    Share 0 Tweet 0

Recent News

Data story: Mumbai port Import/Export data comparison April 2025

Data story: Mumbai port Import/Export data comparison April 2025

Meta announces quarterly cash dividend

Meta announces quarterly cash dividend

Databricks opens new Costa Rica office, creating hundreds of jobs

Databricks opens new Costa Rica office, creating hundreds of jobs

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    

Categories

  • Artificial Intelligence
  • Authored Article
  • Automotive
  • Blog
  • Book Reviews
  • Business
  • Careers
  • Cryptocurrency
  • Data Story
  • Economy
  • Entertainment
  • Gadget
  • Markets
  • Media Release
  • Movie Review
  • Oil and Gas Industry
  • Opinion
  • Others
  • Politics
  • Real Estate
  • Sports
  • Start Up
  • Startup
  • Tech
  • Technology
  • Travel
  • Watches
  • world
  • world

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

Data biz times © 2024. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Tech
  • Start Up
  • Economy
  • Markets
  • Real Estate
  • Opinion
  • Others
  • Privacy Policy
  • Advertise

Data biz times © 2024. All rights reserved.