Chennai, 1st November 2021: DMI Finance Private Limited (“DMI”) today announced its partnership with Reliance Retail Limited to provide a first-of-its-kind suite of digital finance options for Reliance Retail consumer electronics customers across India.
Through a completely paperless digital journey, DMI will offer financing solutions to Reliance Retail consumer electronics customers at merchant locations across India. This partnership will kick-off with loans for the newly-launched JioPhone Next by Reliance Retail.
This transformational partnership brings to all Reliance Retail customers an end-to-end paperless journey that will provide instant, flexible, and affordable EMI options. The loan tenor for the JioPhone Next will be 18 and 24 months.
The spokesperson at DMI said: “In todays world, a smartphone is not just a consumer product, but a tool for financial inclusion at large. We, at DMI, are proud to partner with Reliance Retail to provide financing for a range of consumer electronics starting with the JioPhone Next, that will enable access to a digital life for hundreds of millions of Indians and bring them a step closer to realizing their dream of a more prosperous future.”
About the DMI Group
Founded in 2008 and supported by a deeply experienced team across 40 offices in India, DMI is a pan-India credit platform with core businesses in digital consumer and MSME finance, housing finance, wholesale finance, and asset management. It is a technology-first lender with class-leading digital finance initiatives. It is supported by global institutional investors, strategic family offices, leading banks, and public market creditors in India.
This news was shared to Prittle Prattle News via press release.
