Categories: Business

BharatPe launches digital gold on its platform

A leading merchant payment network, BharatPe has announced the launch of digital gold on its platform. The launch of this new category of fintech product is in line with the company’s commitment to offering the entire gamut of financial products to Small and Medium Enterprises (SMEs).

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Through this latest offering:

  • BharatPe’s merchants will be able to buy and sell 99.5 per cent pure 24-carat gold. Merchants can choose to buy in rupees or grams, any time of the day and from anywhere, by using the BharatPe app.
  • To facilitate this, BharatPe has also partnered with Safegold, a digital platform that allows customers to buy, sell and receive vaulted gold.
  • SafeGold has appointed IDBI Trusteeship Services to protect the interest of merchants with regard to their gold purchases.

Important takeaways for all competitive exams:

  • Chief Executive Officer of BharatPe: Ashneer Grover.
  • BharatPe Founded: 2018.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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Sumit Arora
6 years ago

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