Realme Paysa Financial App Beta Version Launched Today.

Sheth revealed that Realme will focus on the connected ecosystem in 2020, with its four pillars being smartphones, software, IoT products and accessories.In the same bid, the company announced the Realme Paysa platform, which is the company's financial services platform.It will provide lending, savings and protection, payment and financial instruments.

Varun Sridhar of Realme joined the stage to expand Realme Paysa.It is being launched in beta version today through the Google Play Store. The app will be offered to all Android phone users and it will come pre-loaded on Realme phones.

Sridhar revealed that Realme Paysa beta version will provide three times free credit report to its users.Users of the app will also be able to take personal loans up to Rs. 1,00,000 with a fully digital process using minimal documents.Loan of more than Rs. 1,00,000, additional documentation will be required and there will be a physical verification. Realme Paysa will also offer business loans up to Rs. 5,00,000 with minimal documentation.
Additionally, the beta version of the app includes a phone screen insurance service. 

According to Sridhar, Realise Paysa data will be stored in India and will use the highest standards of data security.

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