Now pay for Silver coins & bars safely & conveniently via PhonePe!
We recently launched a brand new feature on PhonePe that allows you to pay for silver coins and bars on the app and have them delivered to your doorstep! Being the first in the industry to offer this new feature, users on the PhonePe app can now invest in silver coins and bars of the highest certified purity that comes with the added benefit of the best prices and safe insured doorstep delivery.
This new feature came in to cater to the rising demand for coins and bars across the country. In fact, the annual demand for the segment is a whopping 1,500 tonnes — which is 10 times that of Gold*! Although both gold and silver are considered auspicious and are chosen for gifting during weddings, Dhanteras, birthdays, and other special occasions, silver has an edge over gold as it is much more affordable.
Speaking about the launch, Terence Lucien, Head of Mutual Funds, PhonePe said, “Silver has significant importance in Indian culture especially during festivals and other auspicious occasions. We are delighted to be the first payments platform to offer our 300+ million user-base the highest purity silver coins and bars.”
On the app, customers can choose coins and bars of denominations — 10g, 20g, 50g & 100g and get them home-delivered. What’s more, you can get Lakshmi and Ganesha coins in the 10g and 20g denominations.
PhonePe has partnered with SafeGold, a reputed company in the field of silver & gold, to process payments for 99.99% pure silver with quality certification from an NABL-accredited laboratory. The coins and bars come with guaranteed weight and purity and are sealed in international quality packaging with a unique serial number that ensures foolproof quality and traceability for the product.
The app allows users to pay for silver coins and bar purchases, track delivery progress online, and avail support when necessary.
Gaurav Mathur, Managing Director, SafeGold added, “Online purchase of Silver coins and bars has become increasingly popular in the last few years. As we usher in the festive season, we are excited to partner with PhonePe and enable its users to purchase silver coins with assured purity, home delivery and best value in the most transparent, secure and organized way.”
To access silver coins on PhonePe you would have to follow the steps given below:
1. On the Homepage, click on the Investments tab
2. Then, click on the Gold & Silver icon
3. Select the preferred Silver coins
4. Add the address for delivery
5. Make the payment via UPI, credit or debit card
And track your order!
That’s all! The silver coin will reach your doorstep!
*Sources: Gold — World Gold Council (WGC); Silver — Statistica & Metal Focus
