ANVI, the AI-powered digital alternate bank and P2P payment platform in India, has made a groundbreaking move by partnering with Reltime, a renowned global Web 3.0 and Layer 1 Blockchain platform. This collaboration is set to revolutionize P2P financial services in India, making them instant, secure, seamless, autonomous, and cost-effective.
ANVI has been serving over 220 million unbanked and underbanked users in India, offering them financial solutions without the need for traditional credit card avenues or funded bank accounts. With a strong foundation of millions of users and a vast network of retailers that have been onboarded over the years, ANVI has now joined forces with Reltime to take a transformative leap forward.
By integrating the latest generation of Web3 and Blockchain platforms into its core infrastructure, ANVI aims to modernize its back-end system, making it more secure and flexible. This move will allow ANVI to embrace the power of web-based technologies and provide its users with even more advanced digital and mobile financial services. In fact, ANVI and Reltime together will cater to over 220 million users, offering support for digital fiat currencies and cryptocurrencies like Bitcoin and Ethereum, thus covering a significant portion of the global digital currency market.
Marlene Julo, Co-founder, and Chief of the Board at Reltime expressed her excitement about the collaboration stating, “Our platform’s uniqueness in providing wide-ranging financial and digital services will be seamlessly available on ANVI’s platform, providing empowerment, trust, and unprecedented economic opportunities for hundreds of millions of users.” This partnership promises to drive social change and open up new avenues of growth for millions of unbanked and underbanked individuals in India.
Ash Verma, Co-founder, and CEO of ANVI emphasized the significance of the collaboration, “Our collaboration with Reltime goes beyond technology excellence and innovation. By integrating Reltime’s groundbreaking Web3 platform into ANVI’s architecture, we can offer our retailer partners and users unparalleled trust, security, transparency, and cost-effectiveness. Additionally, this scalable platform enables us to launch new services such as cross-border remittances and lending, catering to the nearly 1 billion unbanked and underbanked individuals and the expanding middle class in India, projected to reach over 700 million by 2030.”
The partnership between Reltime and ANVI comes at a crucial time when India is at the forefront of a technological revolution. By harnessing the potential of Web3 and Blockchain, ANVI and Reltime are paving the way for a future filled with endless possibilities. This alliance is set to guide India and its global diaspora into the new era of advanced financial services, offering empowerment, trust, and unprecedented economic opportunities.
