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Chinese smartphone Realme to enter digital payments market

Chinese smartphone Realme to enter digital payments market

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  18 Dec 2019 1:02 PM GMT

New Delhi: Taking Xiaomi head-on along with an aim to become a leading digital payments provider, Chinese smartphone maker Realme on Tuesday announced its foray into the burgeoning financial services sector with “PaySa” platform while evaluating its own digital payments mobile platform next year.

The company aims to acquire 25 million customers in the next two years.

‘Realme PaySa’ aims to serve individuals and small and medium enterprises (SMEs) in both metros and tier II and III cities. It offers digital personal loan up to Rs 1 lakh and digital SME loans up to Rs 5 lakh.

“We aim to repeat our success in the mobile business and become one of the top 5 new entrants in financial services in the next two-three years. We are evaluating the launch of mobile phone financing and payments in 2020,” Sheth said in a statement. (IANS)

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