BankBazaar app, the unique personal finance app from BankBazaar, surpassed one million downloads mark on Google Play Store. The app allows users to track their transaction history across multiple savings accounts and credit cards on one single interface. The increasing number of downloads reflects the interest amongst India’s young and tech-savvy audience to opt financial services and products through mobile devices.
The company attributes this growth in part to the recently integrated unique Personal Finance feature on the app, which makes it is something that can be used every day to keep track of your personal finances. The app enables users to manage every aspect of their financial life: savings, spends, and credit. The app allows you to integrate multiple saving accounts and view them simultaneously. This provides you with a direct window into your financial situation, and gives a real time picture of the overall wealth size. The app tracks your credit card billing cycle. This means you get reminders to pay your bill on time, thereby helping you improve your credit score. The app delivers best of the credit offers in an instant and paperless way, as well as updates you with the latest status of the products you applied for in real-time.
Commenting on the milestone, Rati Shetty, Chief Product Officer & Co-founder BankBazaar.com said, “This is an exciting milestone for us. We’re dedicated to helping customers access the right financial product on the go while also having a great user experience. Over a million downloads for our Android App is a great feeling and we are glad that we are able to meet the requirements of Indian mobile users. The BankBazaar Mobile App strives to be a one-stop solution for an individual’s personal finance needs. Whether it’s conveniently applying for a product while on the move, keeping tabs on one’s financial transactions and overall financial health or getting smart tips and know-how on money management, this app gives it all. We’re very grateful for the faith and incredible support from our customers and we’ll continue to work hard to deliver great product experiences to help more and more Indians with their daily finance management through smart technology and simple, intuitive design.”
Apart from the new features that simplify financial management for customers, the app also replicates several other functionalities available on the BankBazaar website such as the EMI calculator. It also provides real-time information on things like gold rates as well as information on all personal finance matters, helping you take informed decisions. This results in a more accurate and real-time information of your finances, and therefore, better money management.
BankBazaar, ranked as the best financial website in India by the Internet and Mobile Association of India (IAMAI) and the best emerging brand in Asia by CMO Asia, is India’s first neutral online marketplace that gives you instant customized rate quotes on loans, credit cards or any other personal finance products. It simplifies the loan application process. Anyone can instantly search for tailor-made offers, compare, customize it as per his or her need or profile and apply for their finance products. It is designed with smart technology capabilities and over 75+ of India’s leading financial institutions and insurance firms have chosen to integrate themselves with the platform. For the online consumer today, banking is as easy as shopping for anything online. What’s more, BankBazaar’s services are completely free!
BankBazaar services are available through the web-portal, made-for-mobile web service, or the BankBazaar app available on the Android play store and iOS app store. It helps consumers compare best offers across various banks and NBFCs. Apart from these, it gives the consumer the latest news/trends and insights into managing finances better. The consumers can track their application and troubleshoot issues in the process through a host of channels like the BankBazaar app, WhatsApp, Email, Voice-support etc.
Apart from India, BankBazaar.com also has an office in Singapore. It commenced operations of BankBazaar.sg in 2016 and is well positioned to be a fully integrated online acquisition channel for partner banks.