realme forays into financial services with PaySa app

Smartphone player realme has forayed into the financial services sector with its platform realme PaySa with four businesses across lending, savings, payment and protection.

It will offer digital personal loans of up to ₹1 lakh and digital loans to SMSEs of up to ₹5 lakh. Larger loan requirements are serviced offline by the realme PaySa teams in different cities.

The platform also provides an instant free credit report with an easy to understand interface, account level details and free updates for three months. It also offers screen damage insurance for both old and new phones with an option of insuring one or two damages per year.