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India's largest online lender Paisabazaar.com opens 2 lakh savings accounts in 2017-18

Haryana, Mar 1: India's biggest online lending marketplace Paisabazaar.com had announced that it has helped customers open over 2 lakh savings accounts through its platform in 2017-18.

Paisabazaar.com launched savings debts on its platform in mid-2016. currently, it partners with IDFC bank, IndusInd Bank, Kotak Mahindra Bank, DBS, Axis financial institution, Deutsche financial institution, Citi financial institution and yes bank. Paisabazaar.com allows clients select and open financial savings account in line with their needs, in much less than five minutes thru a completely digitized manner, without the need to visit a financial institution department.

The employer says it plans to open seven lakh savings accounts within the subsequent monetary year. "while Paisabazaar.com become released as a market for lending products, in the last two years we have assorted our product suite to meet all private finance wishes of a retail consumer. Our savings account business has witnessed a 300 percentage boom considering the fact that launched.

The range of savings accounts on our platform helps us cater to various customer segments coming to our platform and meet their diverse needs," said CEO and co-founder, Paisabazaar.com, Naveen Kukreja. "IDFC Bank is committed to innovation and technology to make our products and services simpler and more accessible.

Our partnership with Paisabazaar.com is yet another step towards delivering world class banking solutions to our customers," said CMO, IDFC Bank, Vijay Ramachandran. "We, at IndusInd Bank, believe at our core that we want to deliver seamless convenience to our customers through process and product digitization. We are excited about the partnership journey with Paisabazaar.com in delivering world-class banking solutions to customers," said head savings, Digital and Payments, IndusInd Bank, Ritesh Saxena.  

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