Muthoot Fincorp rolls outs its digital platform ‘Muthoot FinCorp ONE’

By Gloria Mathias

Muthoot Fincorp Ltd. (MFL), the flagship company of Muthoot Pappachan Group (Muthoot Blue), launches Muthoot FinCorp ONE, a digital platform, to provide lending, investments, protection, and payments at the tap of an app.

With this launch, Muthoot FinCorp ONE aims to address the diverse financial needs of consumers pan-India while seamlessly providing a comprehensive suite of financial services, ensuring unmatched convenience and accessibility.

The app offers an array of financial services which includes MSME and Gold Loans (from home or at Muthoot FinCorp Ltd. branches). Furthermore, it offers investment products like Digital Gold and NCDs.

The app also supports utility and loan payments for multiple use cases while the Forex services encompass multi-currency cards, cash transactions, and 24×7 international transfers. The platform will also help users in accessing insurance for all kinds of General and Medical urainsnce needs.

Chandan Khaitan, CEO Muthoot FinCorp ONE said, “We are excited to introduce Muthoot FinCorp ONE, an all-in-one financial platform that brings together a comprehensive suite of financial services right from lending to investments to insurance to payments and remittances. We aim to cater to more than 1 million customers by the end of this financial year”.

He further added, “Muthoot FinCorp ONE optimizes on a phy-gital model which seamlessly combines this app with more than 3600+ physical branches of Muthoot FinCorp. Our customer-first platform connects seamlessly with all stakeholders (customers and partners alike). The platform is based on robust data analytics and leverages data science, using advanced models for Artificial Intelligence & Machine Learning, always ensuring cyber resilience.”

In the next six months, the platform plans to expand the platform’s offerings by introducing insurance, personal loans, two-wheeler, and housing loans and more.

The company’s goal is to democratize access to financial services, empowering individuals, and businesses across diverse segments, and fostering economic growth.