Gilded offering long-term savings through fractional investment was launched. Gilded makes it easier for users to start small by purchasing as little as 1 gram of gold through the app. Gilded will offer its Indian customers savings of up to 7-10% when compared to published Indian gold prices, by cutting out the middlemen and sourcing gold directly from Swiss refineries and storing it in Swiss vaults. Gilded will be available to download for free in India, and is also being launched in the UAE, on both Android and iOS via Google Play Store and Apple App Store.
Gilded provides numerous benefits over other local gold investment options, such as the gold being fully insured, fractional ownership, ethical sourcing, easy 24/7 accessibility, convenience of sending the digital gold worldwide, low costs to sell, ease of receiving funds after a sale, proof of gold authenticity, exclusively Swiss refined and stored gold, and safety from financial system risk.
The Gilded app, previously known as Digital Swiss Gold (DSG), is updated and incorporates improvements based on thousands of users’ feedback over the past six months received via the Digital Swiss Gold app. As the Indian market becomes more comfortable with the benefits of digital gold, such as ease of use, savings, and security, Gilded will be able to cater to the millions of Indians who are interested in gold.
Gilded provides transparent pricing, safety, security, quality, and trust. Free storage is included for the Gilded gold consumer. All gold purchases are legally the property of the client, stored in fully insured vaults, independently audited, and recorded permanently on a private permissioned blockchain to establish immutable title. All clients are issued a proof of ownership in the form of a digital warehouse receipt, which contains vital information such as their gold holding’s account number, bar serial number, blockchain reference and vault location. A picture of the buyer’s gold bar and a certificate of authenticity is also provided on the app. All gold purchased through the Gilded app meets the highest standards, with the gold being Swiss refined and of 0.9999 fineness. All gold holdings are independently audited.
Ashraf Rizvi, Founder and CEO of Gilded and Digital Swiss Gold, said on the launch, “Indians have always had an affinity towards gold as an investment asset as it acts as a hedge against inflation. The need for wealth protecting investment assets has increased since the pandemic and investors are looking for options that are not only profitable in the long run but will also help safeguard their invested money. Digital gold has increasingly caught the eye of investors as it offers all the benefits of gold along with ease of trading and transactions in smaller denominations. With the launch of our new and improved Gilded app, we aim to leverage all our learnings from our Digital Swiss Gold app to provide Indian and UAE consumers a better way to access gold investment and all the benefits of gold ownership through today’s leading technologies.”
The new Gilded app, like the Digital Swiss Gold app, provides a convenient way to buy, sell and hold physical gold stored in fully insured non-bank vaults in Switzerland. Gilded will now allow users to send and receive digital gold as a gift to their loved ones through the mobile app. Users will have the option to choose from a variety of virtual gift wrappings and will be able to add personalized messages. With Gilded’s growing international presence, this is an innovative way of exchanging gifts on special occasions in different countries covered by Gilded and even for sending remittances in the form of digital gold without any additional charges.
Now Discover Hyderabad’s Popular Restaurants & Shops on ‘Paytm Halo Hyderabad’
Paytm announced the launch of its city-specific mini-app ‘Halo Hyderabad’. It is the one-stop destination to discover Hyderabad’s popular restaurants, shops, events & news. Users will be able to avail the best offers & discounts from the listed merchants.
To gain access to the deals and scroll through all of Paytm partner apps, users can visit the Mini-App Store on their Paytm App and click on ‘Halo Hyderabad’.
The mini-app store will enable the users to book doctor’s appointments, ride cabs, order products for home delivery, purchase travel & entertainment tickets, and also book slots for COVID vaccinations. Through the company’s partners, users can order food from Hyderabad’s famous restaurants like Ulavacharu, Ram Ki Bandi, Churrolto, Chai Kings, Euphoria bakers, London Bubbles Co, Mamagoto, Pakka Local, Samosa Singh and Grand Trunk Road or order anything they want from pearl earrings, sandalwood oil & incense sticks to coffee, toys, and so much more.
Additionally, the health and wellness store within the Mini-App Store will give users one-click access to a large selection of health supplements, essential vitamins, immunity boosters & ayurvedic medicines through top health tech platforms including 1mg, Netmeds, Apollo 24×7, DocsApp/Medibuddy, Zyla, Mfine, and Credihealth among others.
Paytm Spokesperson said, “Hyderabad is an important city for Paytm. We hope that with the launch of the city-specific mini app ‘Halo Hyderabad’, we will bring convenience for our users by helping them discover the best deals & offers from nearby stores and also get access to local services.”
Paytm Payments Bank Crossed 10 Million FASTags Mark
Paytm Payments Bank Ltd (PPBL) announced that it has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags. This is almost 30% of the total FASTags issued by 32 banks in the country. In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags.
Besides this, Paytm Payments Bank is also India’s largest acquirer of Toll Plazas for the National Electronic Toll Collection (NETC) program offering an interoperable nationwide toll payment solution. The bank has enabled 280 toll plazas across the National & State highways to collect toll charges digitally. Paytm Payments Bank is also working closely with NHAI for testing and implementing multi-lane free-flow movement using automatic number plate recognition technology. This will further improve the overall customer experience while travelling on the national highways. Paytm FASTag is linked to the Paytm Wallet ensuring users don’t have to opt for multiple recharges.
The bank has also set up an efficient customer dispute redressal mechanism, which identifies incorrect deductions and immediately raises claims to reverse the extra charges. The meticulous dispute management process thoroughly audits all customer complaints, associated toll transactions and issues raised by the toll plazas to expeditiously resolve all customer complaints. Further, PPBL has diligently pursued all customer complaints so far through multiple stages of the dispute cycle, winning 82% of cases on behalf of its FASTag users.
Satish Gupta, MD & CEO – Paytm Payments Bank Ltd said, “It is overwhelming to lead the adoption of digital toll payments in India by offering a seamless & hassle-free FASTag service to both our users and toll operators. The innovations that we have made in technology and the deep trust in our bank has helped us become the top issuer and the largest acquiring bank under the National Electronic Toll Collection (NETC) programme. We aim to continue taking the government’s initiative of building digital highways across the country further with our payments technology.”
PPBL FASTag has become the country’s most preferred toll payment method as it allows users to directly pay from the Paytm Wallet. Users do not need to create any separate account or download a wallet to recharge their FASTags. The issuance process is quick, easy & convenient, and doesn’t require multiple documents or separate login credentials. Unlike tags from other banks which may require a couple of hours to get activated, PPBL FASTags are activated instantly from the moment users receive them. All FASTag transactions can be monitored on the Paytm app.
India’s leading digital payments and financial services Paytm filed its DRHP on Friday, for SEBI’s approval for its $2.2 billion IPO. In its prospectus, the numbers of Paytm Payments Bank revealed how the company is faring in the UPI game. Paytm Payments Bank Ltd (PPBL), has 155 million UPI handles on its platform and is accelerating the growth of UPI payments at retail stores and even large merchants, as stated in its DRHP. As of March 31, 2021, Paytm Payments Banks had 64 million savings accounts, and over ₹52 billion deposits, including savings accounts, current accounts, fixed deposits with partner banks, and balance in wallets, as stated in the DRHP.
Koo App Adds Yellow-tick Verification, Applications Now
A Yellow Tick on Koo recognizes and celebrates a user’s eminence, stature, achievements, abilities and professional standing in Indian life. It implies that the user is well-regarded in the Indian framework – be it an artist, scholar, sportsperson, politician, businessperson or any other field.
Koo welcomes all those on the platform to apply for Eminence, as the Yellow Tick is known, at Koo. Requests for Eminence are evaluated based on internal research, third-party public resources and in the Indian context. Eminence criteria are reviewed by a special team at Koo in March, June, September and December each year. As on date, the Eminence Yellow tick has been confirmed for approximately one percent of requests received and these eminent voices are given prominence in their respective language communities. This points to the rigour and importance Koo lays on ensuring that Eminence is not misued or granted at will.
Shedding light on the criteria for Eminence, Aprameya Radhakrishna, Co-founder and CEO, Koo, said, “The Koo Eminence Tick is a recognition that the user is a significant representative of the voices of India and Indians. We have formulated the process keeping India’s local realities and are committed to ensuring transparency to maintain a user-base that is verified and acts responsibly while interacting online.”
Adds Mayank Bidawatka, Co-founder, Koo App, “We are proud that Koo has made its criteria for getting the Eminence available in the public domain. Since Eminence is evaluated in the Indian context, it gives Indians a better likelihood of being able to get the Yellow Tick. This is a significant step towards making digital conversations intersting and constructive.”
How to Download Koo: The app is available for users to download on the mobile App Store. Users have the option to register using either their mobile number or email ID. Once registration is complete, they can follow their favourite celebrities, athletes, politicians, entertainers and thought leaders on Koo. Koo empowers users by allowing them to communicate in their native languages, should they wish to.
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