DMI Finance partners with Reliance Retail to provide digital finance options for consumer electronics customers
New Delhi: DMI Finance Private Limited on Monday announced its partnership with Reliance Retail Limited to provide a suite of digital finance options for Reliance Retail consumer electronics customers across India.
As per the company statement, 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 company said.
A DMI spokesperson 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”.
For the unversed, 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.