PhonePe, Jar partner to launch 'Daily Savings' in digital gold, users can invest as low as Rs 10

‘Daily Savings’ will be powered by Jar’s integrated Gold Tech solution that streamlines the digital gold investment process in just under 45 seconds, the company statement said.

PhonePe has partnered with micro-savings platform Jar to introduce a new product offering-‘Daily Savings’-on its platform, which will enable users to save money in 24K digital gold via incremental daily contributions, the fintech firm said in a statement.

Under this new product, users will be able to invest as little as Rs 10 per day and up to a maximum of Rs 5,000 per day in digital gold, “empowering individuals to build a consistent savings habit”.

‘Daily Savings’ will be powered by Jar’s integrated Gold Tech solution that streamlines the digital gold investment process in just under 45 seconds, the company statement said.

Niharika Saigal, head of InApp categories, consumer payments, said, “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.”

Recently, PhonePe has recorded a growing consumer preference for affordable and secure digital gold savings options.

“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.”