IGI Logo

Muthoot Finance, India's No.1 Most Trusted Financial Services brand, today announced a groundbreaking partnership with Google Pay to launch gold loans through Google Pay's expansive ecosystem. This strategic collaboration aims to democratize credit access, promoting financial inclusion and empowerment for millions of underserved and unbanked Indians.

Key Highlights:

* Seamless gold loan experience on Google Pay, leveraging Muthoot Finance's expertise and distribution strength

* Enhanced financial inclusion, targeting rural, semi-urban and urban markets

* 6,759+ Muthoot Finance branches across India to facilitate gold loan disbursements

* 7-layered world class safety and security systems ensure secure, transparent and safe solutions

* Customized gold loan schemes catering to diverse customer needs

* Integration with Google Pay's advanced technology to streamline customer onboarding and disbursement

Alexander George Muthoot, Joint Managing Director, Muthoot Finance stated, "This pioneering partnership with Google Pay reinforces our unwavering commitment to financial inclusion. By leveraging technology and our extensive branch distribution network, we aim to bridge the credit gap for the underserved, promoting economic growth and social equality. Our gold loan services will now reach remote areas, empowering rural communities, farmers, women and micro-entrepreneurs to access affordable credit. This collaboration demonstrates our dedication to enhancing financial literacy and awareness, expanding credit access to the last mile, fostering digital financial literacy and supporting the nation's economic growth and development.

We are proud to contribute meaningfully to the National Mission for Financial Inclusion, leveraging our expertise to create a more inclusive and equitable financial ecosystem."

Through this partnership Google Pay customers can now get quick and easy gold loan approvals and disbursements, competitive interest rates, flexible repayment options and access to Muthoot Finance's extensive nationwide branch network for gold loan services. Not just this, Google Pay customers can also avail Muthoot Finance’s Gold Loan at Home facility and get a gold loan from the comfort of their home or workplace.

Above views are of the author and not of the website kindly read disclaimer