ETMONEY, an investment app, has launched India’s first Aadhaar-based SIP payments feature, in line with its aim to make investments more seamless and open to the widest segment of Indian society. Anyone can now begin a SIP online and line up automatic payments with the help of a simple Aadhaar-based OTP verification method.
With over 100 crore bank accounts linked to Aadhaar and the ease of OTP authentication, this new feature has the potential to make online investments more open to a wider range of people.
ETMONEY’s latest innovation represents a significant step forward in the company’s goal of making India financially successful. As a result of the Aadhaar-linked SIP payment mandate, more Indians would be able to invest regularly through SIPs, embracing better financial discipline among the general public.
Founder-CEO, Mr. Mukesh Kalra said, “SIPs are ideal for investors who want to automate their monthly investment payments. We also want to assist all Indians who consider using their bank’s internet banking challenging by allowing them to conveniently set up SIP requirements using the Aadhaar-linked bank accounts. We are optimistic that this will go a long way toward bringing online investments to the Indian community.”
Source:IBEF
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