Refyne Launches Financial Coaching, Salary Top Up Programs For Employees
With this, Refyne will be able to provide a comprehensive financial wellness suite of solutions for workforces under one platform
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Refyne, financial wellness and Salary On-Demand provider has launched two new solutions, Financial Coaching and Salary Top Up for employees. With this, Refyne will be able to provide a comprehensive financial wellness suite of solutions for workforces under one platform.
Over 1 in 3 Indians lack basic understanding of financial products and many do not have access to banks or affordable credit. With limited access to financial products coupled with poor financial knowledge, most resort to loan sharks, exposing them to cycles of debt.
With the launch of Financial Coaching, Refyne users can get one-on-one access to SEBI-certified advisors or CFPs in their preferred language of communication. This can help them understand various aspects of managing finances by making the optimum use of available resources.
Salary Top Up, on the other hand, will act as an additional line of liquidity, over and above Salary on-Demand, that users can unlock for more demanding financial needs. With Salary Top Up, users can access upto 1.5 times their salary at zero interest payable over monthly instalments.
Chitresh Sharma, CEO and Co-Founder, Refyne, said, “In India, just about 27 per cent people are considered financially literate and the rest lack even a basic understanding of how financial products work. This often leads to uninformed and poor decision-making when choosing liquidity options. Instant payday loans are luring because people do not understand the impact of the high interest rates they charge. And hence financial education along with access to liquidity is crucial.
With the launch of Salary Top Up and Financial Coaching, Refyne can now offer a holistic financial journey to users arming them with sensible liquidity options and the financial know-how to make the right choice.”
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