DMI Finance to Provide Seamless Digital Personal Loans to Google Pay Users – India Education | Latest Education News | World Education News
Chennai: DMI Finance Private Limited (“DMI”) today announced the launch of a personal loan product on Google Pay to make reliable credit available to pre-qualified Google Pay users.
This product leverages the dual benefits of Google Pay’s customer experience and DMI’s digital loan disbursement process and will also help attract new credit users. Eligible users are pre-selected according to criteria defined by DMI Finance and the product offer is made available to them via Google Pay. These users will have their request processed in near real time with access to money from their bank accounts.
This launch with Google Pay of an integrated personal loan journey for its users continues DMI’s focus on creating innovative digital financial products in partnership with key players in the digital finance ecosystem.
The scheme will disburse up to INR 1 Lakh per loan which would be repayable over a maximum of 36 months. This partnership is launched on more than 15,000 PIN codes.
Shivashish Chatterjee, Co-Founder and Co-CEO of DMI Finance, said, “We are delighted to make our personal loan product available on Google Pay in India. At DMI, we are focused on working with truly world-class associates to leverage our combined strengths to deliver the best possible digital credit experience to a rapidly growing set of customers. Our teams have worked closely together to deliver seamless, seamless credit to millions of Google Pay users. We look forward to growing this new partnership in the years to come and making the promise of financial inclusion a reality for many millions more.
Sajith Sivanandan, Business Head, Payments and NBU, Google APAC, LatAm, Africa and EMEA, said: “Simplified access to reliable credit is essential to economic recovery as we emerge from the difficulties posed by the pandemic, and the experiences who can make it available. just a few clicks on their mobile phone will provide them with incredible convenience. We are very pleased to partner with DMI Finance to make this possible for Google Pay users, as it delivers on the promise of financial inclusion enabled by technology.