Realme Launches Realme PaySa Financial Service Platform in India.
Realme has launched its new financial service platform Realme PaySa in India. It is similar to XIaomi Mi Credit. Realme PaySa app will offer Free credit reports, Personal loans, screen insurance for mobiles and business loans.
The free credit report is available for everyone who downloads the app. Realme has pattered with CreditMantri for this credit report feature. Users can download the credit report 3 times over 3 months.
Users can also get a personal loan from Rs. 8000 to Rs. 10 lakh. Instant loan of up to Rs. 1 lakh will also be available. You can do flexible repayment in 3 to 12 months. For this service, Realme has partnered with EarlySalary.
Micro and small businesses can also get business loans from Rs 50000 to Rs. 50 lakh with up to Rs. 5 lakh instant loan. One can repay the loan from 12 to 60 months of flexible tenure. This feature is powered by LendingKart.
The screen insurance for smartphones is powered by ICICI Lombard and users can avail up to 2 claims per year.
Realme has claimed that all the user data will be stored only in India and everything will be protected. The company is following IT security standards and will be transparent.
The service will be available with a human chat service that will be available for 7 days a week.
Realme PaySa Beta app is now available to download from Google Play Store. When the app comes out of beta, it will be available also preloaded into the future realme phones.