DMI Finance Partners with Reliance Retail

DMI Finance Private Limited ('DMI') has 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."

Shares of Reliance Industries Limited was last trading in BSE at Rs. 2498.80 as compared to the previous close of Rs. 2483.85. The total number of shares traded during the day was 64847 in over 12315 trades.

The stock hit an intraday high of Rs. 2505.00 and intraday low of 2490.05. The net turnover during the day was Rs. 161969879.00.

Source : Equity Bulls

Keywords

RelianceIndustriesLimited INE002A01018 RelianceRetail DMIFinance Partnership DigitalFinance