Digital payments company PhonePe has announced a partnership with MMTC-PAMP to offer the purchase of gold from within its app. MMTC is Government of India, public sector trading enterprise, and PAMP SA is a Swiss company and a bullion brand. In December last year, PhonePe had partnered with SafeGold to enable customers to buy and sell gold. With the new partnership, the company says it hopes to offer choice in terms of the grade of gold (SafeGold offers 99.95% pure gold vs MMTC-PAMP's 99.99%) as well a choice of service providers. In a statement to the press, the company said that customers will have access to live Gold prices that are linked with rates in the commercial bullion market. Gold purchased on PhonePe is physically deposited into a secured vault and is fully insured at all times. If a customer…
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