PhonePe users can now invest in the 24K Gold of a specified amount every month and accumulate their Gold in insured bank-grade lockers maintained by PhonePe’s partners, MMTC-PAMP and SafeGold.
The non-bank gold lender launched the service of gold loans at home in 2020 during the pandemic with average ticket size at Rs 6.5 lakh and currently above 60-65 percent of these loans are being availed by self-employed people to finance their business.
