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Realme PaySa launched today: Quick loans of up to 75 lakh available for SMEs

  • Realme PaySa aims to serve individuals and small and medium enterprises (SMEs) in both metros and tier II and III cities
  • The company aims to acquire 25 million customers in the next two years.

In 2020, the platform aims to disburse loans of approximately 1000 crore, acquire three to five million new customers, launch multiple new products and take its first step in financial services in India.

The app, available on both Google Play Store and realme App store, will have four businesses across lending, savings, payment and protection.

The beta launch of the platform has been done and a full roll-out is expected in the next six to 12 months.

"Larger loan requirements for both individuals and SMEs are serviced by the 'realme PaySa' teams present in different cities.

The brand has entered into strategic co-development partnerships with Early Salary (for digital personal loans), Lending Kart (for digital business loans) and Credit Mantri (for free credit report).