Mumbai, September 13, 2023: The PLANET (Personalised Lending & Assisted NETworks) utility by L&T Finance (LTF), a retail-focused digitally enabled non-banking monetary firm, has reached a exceptional milestone of greater than 5 million downloads. The appliance has facilitated enterprise totalling over Rs. 2,300 crore and collections of over Rs. 440 crore. To this point PLANET App has served greater than 75 lakh transactions from throughout the nation and has enabled totally digital disbursements in each rural and concrete areas.
The PLANET App, launched in March 2022, was designed with a imaginative and prescient to supply seamless, safe, and user-friendly entry to a various vary of economic services and products to our rural and concrete clients alike. Via its dedication to being a ‘Fintech@Scale”, LTF has constantly delivered finest in school options to its broad buyer base.
Mr. Dinanath Dubhashi, Managing Director & CEO of L&T Finance Holdings Ltd. expressed his enjoyment of reaching this milestone and mentioned, “The overwhelming response to the PLANET App is a testomony to the arduous work and dedication of our crew. We’re thrilled to see how our App helps our clients to handle their funds throughout the consolation of their residence on the go. Extra importantly, we now have greater than 5 lakh rural girls and over 95,000 farmers utilizing the applying for fulfilling their servicing wants digitally. Our focus has at all times been on offering one of the best consumer expertise and delivering progressive monetary options. Trying forward, we’ll proceed to refine and broaden the PLANET App’s choices by introducing new options and make sure that it turns into one cease store for availing finance digitally in India. With the Firm’s unwavering dedication to excellence, the following milestone of 10 million downloads appears properly inside attain.”
PLANET App is without doubt one of the highest-rated finance Apps on Google Play Retailer and Apple App Retailer with a rating of 4.3. The App’s success will be attributed to its simplicity, complete options, and dedication to buyer satisfaction.
The App has been profitable in attaining the Firm’s broader imaginative and prescient of driving monetary inclusion and empowering people from numerous backgrounds to realize their targets whereas catering to their monetary wants. By leveraging the facility of know-how, the Firm has been in a position to attain hundreds of thousands of customers, together with over 6 lakh in rural and distant areas, making a constructive impression on their lives. The Rural Group Loans & Micro Finance enterprise which went dwell on the App not too long ago has already generated almost 6000+ leads of which over 4500 leads are recent.
Because the monetary panorama continues to evolve, PLANET App stands as a shining instance of how know-how can empower people and simplify the complexities of finance, catering to the wants of hundreds of thousands
