In the digital era, people use advanced technology and their smartphones for banking. The majority of the transactions take place online. Whether it is paying electricity bills or availing home loans, everything can be done in a few steps, right from your phone! Digital banking makes it possible through mobile-optimized banking experience. It blends online and mobile banking to provide all banking services within the comfort of your homes. Despite these conveniences, it can get tedious to download different apps for different needs. Therefore, look for an app that has all your basic financial requirements under one umbrella. Look out for the following requirements on the app:
Shopping
Nowadays we use apps to buy electronics, smartphones, and home appliances at great prices. All you need to do is to create an account and log in to the app. Exclusive deals and super cashback offers await on these apps. You can even buy all these by paying the full amount or in EMI. In the process, you can also earn exciting rewards.
Bill Payments and Recharges
Pick a one-stop solution for paying utility bills like electricity, water, gas, telecom, etc. It allows you to pay your phone bills, recharge TV, and pay for FASTag at the click of a button. You just have to link your bank account to the particular app to use all these facilities.
Credit Cards
Who doesn’t need a credit card nowadays? You can easily avail a credit card of your choice using these apps. You can choose from various credit card partners depending on the platform. Apart from making it extremely easy to apply for an instant credit card, an online financial marketplace also provides you with all the information you need regarding these cards, such as features, benefits, fees, latest offers, etc.
Loans
Whether you want to avail a personal loan, home loan, business loan, two wheeler loan or loan against property, pick an app that offers all of them under one platform. Even home loan balance transfer and loan against property balance transfer are possible using the finance loan applications. These platforms often partner with leading lenders, to provide various loans depending on your needs.
Smart Investment and Insurance
You can enjoy a top-notch digital banking experience with these applications as well. Ensure that insurances including life, health, motor, home, travel and cyber are available under one umbrella. Other than insurance, you can make smart and safe investments.
Quick Fund Transfer
With the blessings of Instant Money Transfer and BHIM UPI,you can easily send money to friends and family. Plus, you do not need to share any sensitive details, such as your bank account number. Now, you can say goodbye to downloading and maintaining numerous payment apps. You can easily send funds to your loved ones by using just a single UPI app
Small Insurance Coverage
Not only life, health and motor vehicles but your watch, smartphone, handbag and wallet can also be insured using the online. With a range of coverage offers, now you don’t have to worry about your expensive phones and wallet. If you are looking for something different, then exclusive insurance covers like Student’s Plan Cover and Firecracker Insurance are available on these platforms as well.
The Bottomline
In today’s fast paced world, everybody wants to save as much time as possible. And now with the advent of tech, you can save a lot of time if you use digital banking. Yet, it is important to cut out clutter from our lives and hence it is useful to have a one-stop-shop application to enjoy a variety of these features. You can enjoy all of the aforementioned services under one umbrella using the Bajaj Finserv MARKETS app.