DMI Finance partners with Reliance Retail
DMI Lending Private Limited ("DMI") announced today that it has partnered with Reliance Retail Limited to offer a first-of-its-kind suite of digital finance alternatives to Reliance Retail consumer electronics customers across India.
DMI would offer financing solutions to Reliance Retail consumer electronics clients at merchant locations across India via a completely paperless digital journey. This relationship will begin with loans for Reliance Retail's newly introduced JioPhone Next.
This groundbreaking alliance enables an end-to-end paperless journey for all Reliance Retail consumers, providing quick, flexible, and reasonable EMI alternatives. The JioPhone Next loan period would be between 18 and 24 months.
"In today's environment, a smartphone is not only a consumer product; it is a tool for financial inclusion on a broader scale," a DMI spokeswoman stated. We at DMI are happy to collaborate with Reliance Retail to finance a range of consumer goods, beginning with the JioPhone Next, that will offer hundreds of millions of Indians with access to a digital existence and move them closer to fulfilling their dream of a more affluent future."