PhonePe launches FD marketplace and daily recurring deposit with Shivalik SFB
PhonePe has introduced a digital fixed-deposit marketplace and a Daily RD product with Shivalik Small Finance Bank, allowing users to invest ₹100–₹1,000 a day via UPI Autopay in paperless deposits.
PhonePe launched a digital fixed-deposit marketplace and a Daily RD with Shivalik Small Finance Bank, enabling paperless deposits, UPI Autopay savings and investments from ₹100 a day across partner banks and NBFCs.
Why this matters
The launch extends PhonePe's expansion beyond payments, following PulsePro's UPI-based hyperlocal payment intelligence and its AI automation of more than 90% of support queries.
Omni-channel is accelerating, up +221100% QoQ.