16, Apr 2024
Gold Savings App Jar Surpasses 2 Crore Users
Bangalore, April 2024: Jar offers a streamlined investment journey that takes minimal time and customers can start saving money in small amounts, which gets invested in 24K, 99.9% pure gold. With Jar, users can save effortlessly and convert it to cash or receive physical gold at their convenience. Jar’s revolutionary round-off method effortlessly accumulates spare change from every transaction and invests it in gold so users can save that extra bit every month.
The company’s remarkable growth has not gone unnoticed. Jar won in the Best WealthTech Startup category at the Global Fintech Awards 2023 and was even mentioned as being one of the top UPI auto-pay players in the country. Jar was also recognized by LinkedIn as one of India’s Top Startups of 2023.
In the last 3 years, Jar has truly made leaps and bounds in the digital gold space, having started with a simple thought. Traditionally, there have always been high entry barriers in savings and investing: a high ticket size to start investing, time to understand and get started, and the complexity of the financial products.
From humble beginnings in Hassan, Karnataka, and Bihar Sharif, Bihar respectively, both Nishchay Ag and Misbah Ashraf had seen first-hand how middle India both earns and spends on a daily basis. They knew there was a gap in the market for a financial product that could help millions of people save better and get them started on their financial fitness journey.
That’s how Jar was born and, through Jar, these barriers of entry have been reduced significantly by leveraging the two most widely adopted financial tools in India – UPI and gold. Gold remains a popular investment in India, with over half the population (53%) choosing it. Now, a growing number of young investors are turning towards digital gold.
After getting a foothold in the gold space, Jar now plans to expand its offerings to include Lending, Investments, and more to meet the needs of its ever-growing user base.
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- By Rabindra
19, Jan 2024
Satin Creditcare Awarded Gold in Client Protection Certification
India, January 19, 2024: Satin Creditcare Network Limited (SCNL), a leading microfinance institution in India, has been awarded the prestigious Gold level in Client Protection Certification by the global rating agency MicroFinanza. This accreditation, in accordance with the new Client Protection Certification Framework promoted by SPTF and CERISE, comes after a thorough review of the company meeting the most rigorous standards of client protection found in the universal standards for Social Performance Management through its offering of responsible credit.
As a responsible corporate entity, SCNL has consistently undertaken conscious efforts to uphold fair practices, adhering to globally accepted standards, and functioning as an accountable lender to those at the bottom of the pyramid, thereby underscoring its testament to this recognition.
This certification thoroughly evaluates institutions across a varied spectrum of parameters including appropriate product design and delivery, prevention of over-indebtedness, transparency, responsible pricing, fair and respectful treatment of clients, privacy of client data, mechanisms for complaint resolution and governance and HR to determine the degree of client protection practices followed across the loan cycle.
Commenting on the certification, Mr. HP Singh, CMD of Satin Creditcare Network Limited, said, “Receiving the highest level of recognition in our first attempt without the need for any adjustment phase fills us with immense pride and satisfaction. Our business model is rooted in an unwavering commitment to the principles of client protection, where integrity, transparency, and fairness are all thoroughly crafted to center around our processes and services. This independent validation not only bolsters our credibility but also serves as evidence of our dedication to excellence from the outset and adherence to the best practices in microfinance. I confidently affirm our pledge to continue the journey of maintaining these high standards in all facets of our operations.”
31, Oct 2023
PLUS Unveils ‘Gold Rush Festival’ to Illuminate Diwali 2023 with Prosperity and Joy
New Delhi, 31 October 2023: Diwali, the Festival of Lights, is a time when the hearts of millions in India illuminate with the love of gold and jewelry. Recognizing the profound significance of this tradition, PLUS, the leading digital gold platform, is dedicated to making this Diwali shine even brighter for its users. Introducing the “Gold Rush Festival” campaign, PLUS is celebrating the spirit of this joyous festival by rewarding users for their trust and active participation in the PLUS platform.
Dhanteras and Diwali are regarded as the most auspicious time of the year in India, where the purchase of gold and jewelry is believed to bring prosperity and happiness throughout the year. The “Gold Rush Festival” aims to embrace this spirit of celebration and express gratitude to users for their unwavering support.
The “Gold Rush Festival” is exclusively tailored for the vibrant cities of Mumbai, Bangalore, Delhi, and Udaipur, where the festive spirit is palpable. This campaign invites all those eager to bask in the season’s prosperity and joy. Customers can avail of exclusive festive offers during the “Gold Rush Festival”, from October 23rd to November 10th, 2023.
Participants have the chance to win up to Rs 3,00,000 worth of Gold and Silver, serving as PLUS’s heartfelt ‘Thank You’ to its dedicated user community. Moreover, participants also stand a chance to be featured on PLUS’s social media channels, granting them recognition and celebration within the PLUS family. PLUS offers access to its exclusive content, providing added value to all participants, and making this season even more meaningful for its users.
“At PLUS, we consider our users as family, and Diwali is all about family. We want to celebrate this Diwali with our extended family by offering a chance to win prosperity in the form of Gold and Silver. It’s our way of sharing the light of the festival with those who matter the most – our users,” said Veer Mishra Co-Founder of PLUS.
As the “Gold Rush Festival” campaign lights up the festive season, PLUS extends an invitation to all to participate, win, and make this Diwali truly unforgettable. Shine with us and bring prosperity home!
26, Oct 2023
Tanishq Unveils Its New Store In Marathahalli, Bengaluru
26th October 2023: Tanishq, India’s largest jewellery retail brand from the house of Tata has launched its grand new store in Bengaluru, Karnataka today. The brand new store was inaugurated by Mr Sunil Raj, General Manager, Merchandising, Tanishq at 11:00 AM.
As part of the grand inauguration, the brand is offering irresistible offers wherein customers can get up to 20% off* on making charges of gold jewellery & on diamond jewellery value and also get 100% exchange on old gold bought from any jeweller. The offers are valid till 12th November 2023. The store is located Next to KLM Fashion Mall, HAL Old Airport Road, Marathahalli, Bengaluru, 560037.
Spanning across, 6500 sq.ft., the store presents an extensive selection of iconic Tanishq designs across dazzling gold, stunning diamonds, kundan and polki. The store proudly presents Tanishq’s exclusive and new festive collection, ‘Dharohar’, drawing inspiration from the heirloom artefacts from the eras gone by, an ode to legacies old and new.
The store is also equipped with stunning jewellery pieces from Rivaah, a dedicated wedding jewellery sub-brand of Tanishq. Rivaah is meticulously crafted to align with the fashion preferences of women from various regions across India and has evolved as a one-stop destination for wedding shopping.
The store caters to regal Tanishq collections such as ‘Alekhya’, inspired by Indian art forms, and the Romance of Polki collection, featuring elegant pieces, modern designs, exotic gemstones, detailed gold, and meenakari work that celebrate our rich Indian heritage and craftsmanship. Additionally, the storehouse’s dainty and minimalistic jewellery pieces and collections from Mia by Tanishq, catering to diverse consumer preferences.
Speaking on the inauguration, Mr. Vasudeva Rao, Regional Business Manager, Tanishq, Titan Company Limited said “We are thrilled to announce the grand opening of our new store in Bengaluru today, a moment that fills us with immense pride. At Tanishq, customer satisfaction is at the core of everything we do. As the nation’s most beloved jewellery brand, we have always strived to be accessible to our customers.
Our new store in Bengaluru features a stunning collection of jewellery designs in Gold, Diamond, Polki, Kundan, and Bridal categories, catering to diverse preferences. With great enthusiasm, we expand our presence in the Garden City of India with our 21st store. We are confident that our customers in Bengaluru will embrace and enjoy the exceptional experience we have curated within this store.”
