Finfi Adds ‘Save Now, Buy Later’ to Financial Wellness Platform
With this new purchase-linked savings plan, users can save money in their own Reserve Bank of India (RBI)-regulated account and then receive a discount on a product when they have accumulated enough money to purchase it, Finfi said in a Wednesday (Jan. 4) press release.
The company said in the release that this is a practice commonly used by jewelers in India, and that Finfi is now expanding the concept to more than 50 product categories and brands.
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FINFI is helping employees tackle the cost of living crisis
FINFI launched their PWA app after conducting a study across 5000 salaried professionals in Indian metro cities. The study clearly identified three major gaps in the current financial services marketplace - Intra-month liquidity management, saving plans like Titan's Golden Harvest for other brands & monthly subscription-based health insurance top-ups.
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