ETMONEY, India's leading investment app, has unveiled the country's first Aadhaar-based SIP payments function, in line with its pledge to make investments more transparent and open to the Indian investors. Anyone can now launch a SIP online and set up automatic payments with the help of a simple Aadhaar-based OTP verification. ETMONEY's new breakthrough represents a significant move forward in the company's goal of making investors financially wealthier. As a result of the Aadhaar-linked SIP payment mandate, more Indians will be able to invest regularly by SIPs, fostering better financial stability among the general public.
Mukesh Kalra, the company's founder and CEO, said about the new Aadhaar-based SIP that "SIPs work best for investors who automate the payment towards their monthly investments. And we want to help all those Indians who find using their bank's internet banking cumbersome by providing them an option to set up their SIP mandates easily through their Aadhaar linked bank accounts. We are confident this will go a long way in taking online investments to that section of Indian society who is still not a part of digital banking services."
In India, ETMONEY is among the best, top-rated and the most downloaded personal finance app. ETMONEY is used by nearly a million of Indians to monitor and maintain their spending, and invest in mutual funds, fixed deposits, NPS, buy Term Life & Health Insurance plans, apply for credit cards, loans and so on.