INDIA: Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, has launched Muthoot FinCorp ONE, an all-in-one digital platform for lending, investments, protection, and payments. The platform aims to address the diverse financial needs of consumers across India while providing a comprehensive suite of financial services with unmatched convenience and accessibility.
Muthoot FinCorp ONE offers an array of financial services, including MSME and Gold Loans, investment products like Digital Gold and NCDs, utility and loan payments, and Forex services. The platform will soon also help users access insurance for all kinds of General and Medical insurance needs.
Chandan Khaitan, CEO of Muthoot FinCorp ONE, said, “We are excited to introduce Muthoot FinCorp ONE, an all-in-one financial platform that brings together a comprehensive suite of financial services right from lending to investments to insurance to payments and remittances. We aim to cater to more than 1 million customers by the end of this financial year.“
The platform optimizes on a phygital model, which seamlessly combines the app with more than 3600+ physical branches of Muthoot FinCorp. The customer-first platform connects seamlessly with all stakeholders, including customers and partners alike. The platform is based on robust data analytics and leverages data science, using advanced models for Artificial Intelligence and Machine Learning, always ensuring cyber resilience.
Since its launch, Muthoot FinCorp ONE has already gained significant traction with more than 20,000 daily transactions and 2 Lakh plus app downloads, earning an average app rating of 4.8. In the next six months, Muthoot FinCorp ONE plans to expand the platform’s offerings by introducing insurance, personal loans, two-wheelers, housing loans, and more with a focus on achieving 80,000+ daily transactions and 10 Lakh app downloads.
Thomas John Muthoot, Chairman & Managing Director, Muthoot FinCorp Ltd., said, “Muthoot FinCorp ONE’s launch signifies a major milestone for us. It complements and builds upon MFL’s existing robust physical presence, through a phygital ecosystem. The all-in-one financial platform reinforces our dedication to transforming the way our customers access and manage their finances by providing them with tailored financial solutions to suit their everyday needs.“
Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient. As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection, and payments.
