Fintech Head, phonepeIndia’s leading digital payments company on Wednesday announced the launch of its new facility that will enable investors to buy silver coins and bars. With this announcement, PhonePe launched a first of its kind service that allows investing in pure silver and the investment will also get high certified purity through PhonePe. Moreover, it comes with the added benefit of best prices and secure insured doorstep delivery.
“Online purchase of silver coins and bars has become increasingly popular over the past few years. As we begin the festive season, we are excited to partner with PhonePe and enable its users to buy silver coins with assured purity, home delivery and best price in the most transparent, secure and organized manner. are,” said Gaurav Mathur, Managing Director, SafeGold.
In this first of its kind service, anyone who wishes to invest in silver coins and bars can invest in denominations of 10g, 20g, 50g and 100g coins or bars. Whatever amount the investor invests, it will be delivered at the doorstep.
This service is provided by PhonePe in association with SafeGold, a well-known and trusted brand in the field of silver and gold.
To process payments for 99.99 percent pure silver with quality certification from a NABL-accredited laboratory.
The coins and bars come with guaranteed weight and purity and are sealed in international quality packaging with a unique serial number which ensures foolproof quality and traceability to the product.
The app allows users to pay for the purchase of silver coins and bars, track the progress of deliveries online and get help when needed
“Silver has significant importance in Indian culture especially during festivals and other auspicious occasions. We are delighted to be the first payment platform to offer the highest purity silver coins and bars to our 300+ million user-base,” said Terence Lucien, Head of Mutual Funds, PhonePe.
Walmart-backed PhonePe is looking to expand aggressively in the fintech sector. The app clarified that it is trying to reach a user base of 500 million for its consolidated services. As of now, PhonePe is India’s leading payments platform with 314 million registered users and 46 per cent of the market share for UPI payments, according to National Payments Corporation of India (NPCI) data. Phonepe has recently obtained an insurance broking and an account aggregator license from the Reserve Bank of India. With the insurance broking license, the company will be able to sell insurance to its users and the account aggregator license will allow the company to share the agreed financial data.
How to Buy Silver Coins, Bars on PhonePe:
Open the PhonePe app, click on the Investments tab
One who wants to buy these coins and bars has to first go to the PhonePe app.
Then choose gold and silver
After going to the app, click on the Gold and Silver icon. On the left side of the home page of the app on your phone.
Select favorite silver coins
After clicking on Gold and Silver, you will get a variety of options in terms of the weight of the coins and bars. You have to select one from all the options that appear on the screen.
Add an address for delivery, and make a payment
After selecting the coin or bar, you will need to add the address and confirmation to have it delivered to your door.
last stage
After completing all the above steps, the selected silver coin or bar will be delivered at buyer’s doorstep
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