E Can 39t Assume Native Language Speaking Customers Grasp These Complexities When Handling Money News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bangalore (Karnataka) [India], November 4 (ANI/NewsVoir): BankSathi, Seasoned Investor Kunal Shah-backed Financial Advisory platform has added three new Indian languages to its platform to support and encourage awareness for locals to bolster the growth in the lesser-known financial domain. It gives people great pride to see their language on the app, and they feel like the product is their own. Two more local languages will be added to the application in a future version. This venture will benefit 30 lakh customers and 5 lakh advisors. The penetration of financial products in India is extremely low. The overall consumer loans as %GDP is 17 per cent while this is 80 per cent in the US and 56 per cent in China. India has only 4.5 active credit cards per 100 people while the US has 337 credit cards and China has 54 Credit cards per 100 people. BankSathi is contributing a big role to provide the right financial product access to underpenetrated billion users. In a country as diverse as In ....

Uttar Pradesh , Andhra Pradesh , Jitendra Dhaka , Bangalore Karnataka India , Ovember 4 Ani Newsvoir Banksathi , Easoned Investor Kunal Shah Backed Financial Advisory Platform Has Added Three New Indian Languages To Its Support And Encourage Awareness For Locals Bolster The Growth In Lesser Known Domain It Gives People Great Pride See Their Language On App , Nd They Feel Like The Product Is Their Own Two More Local Languages Will Be Added To Application Ina Future Version This Venture Benefit 30 Lakh Customers And 5 Advisors Penetration Of Financial Products In India Extremely Low Overall Consumer Loans As Gdp 17 Per Cent While 80 Us 56 China Has Only 4 Active Credit Cards 100 People 337 54 Banksathi Contributinga Big Role Provide Right Access Underpenetrated Billion Users Country Diverse , Anguage Is One Of The Most Prominent Barriers To Financial Independence Among Our Total 1 4 Billion Indians , Ewer Than Half Qualify As Active Internet Users , End Of Those , Pproximately 500 Million Are Indian Language Users Interestingly , 0 Per Cent Of These Users Report Difficulty With English And 60 Attribute Language Issues To Their Inability Adopt Online Services We Also Need Remember That This Isn 39t Just Abouta Barrier Using Financial Involves Jargon Navigating Confusing Terms Clauses In Order Gain Trust , E Can 39t Assume Native Language Speaking Customers Grasp These Complexities When Handling Money , Trust Is Key , Nd Trust Is Generated By Familiarity , Nd Confidence To Break The Language Barrier In Financial Inclusion As It 39s Becoming Multilingual , Anksathi Customers From Tier 2 And Beyond Can Have The Comfort Of Speaking With Someone In Their Own Language Understanding Fintech Products , Hich May Otherwise Appear Confusing And Intimidating They Can Now Use Telugu , Nd Marathi For Accessing Accounts , Product Information , Ervices And Many Other Things Through The Banksathi Apps Commenting On Latest Development , Jitendra Dhaka , Ounder Amp Ceo Banksathi Said , Uot India 39s Soaring Ambition Rests In Its Hinterlands And It Is Our Dear Vision To Createa Truly Democratic Offering , Ne That Can Be Accessed By The Majority Of Indian Population To Same End , E Have Gladly Added 3 Languages To Our Platform And Will Continue Introduce New With Time By Introducing Vernacular On The ,