Mumbai: Digital payments company PhonePe has rolled out silver investments on its platform that will allow users to invest in silver coins and bars of high certified purity on the PhonePe app. The service comes with the added benefits of best prices and safe insured doorstep delivery.

Customers can choose from denominations of 10g, 20g, 50g, and 100g silver coins or bars, and get them home-delivered. PhonePe has partnered with SafeGold to process payments for '99.99 per cent pure silver' with quality certification from a NABL-accredited laboratory. "The coins and bars come with guaranteed weight and purity and are sealed in international quality packaging with a unique serial number that ensures foolproof quality and traceability for the product," said PhonePe.

The app allows users to pay for silver coins and bar purchases, track delivery progress online, and avail support when necessary.

Speaking about the launch, PhonePe, head of mutual funds, Terence Lucien said, “Silver has special significance in Indian culture especially during festivals and other auspicious occasions. We are delighted to be the first payments platform to offer our 300+ million user-base the highest purity silver coins and bars. ”

“Online purchase of silver coins and bars has become increasingly popular in the last few years. As we usher in the festive season, we are excited to partner with PhonePe and enable its users to purchase silver coins with assured purity, home delivery, and best value in the most transparent, secure, and organised way,” added SafeGold, managing director, Gaurav Mathur.“

To access silver coins on PhonePe, users will need to click on Gold & Silver under the Investments tab, select the preferred silver coins, add an address for delivery, and pay. The product will then be delivered to the customer’s doorstep.