NPCI’s UPI AutoPay : Gullak becomes the first to launch 1 click savings

Snap Save feature will accelerate secured savings journey for users in just one click via UPI AutoPay

Gullak Money has introduced “Snap Save,” an innovative 1-click savings feature that reimagines the way Indians save money. Powered by UPI AutoPay, this groundbreaking feature propels users towards their financial goals with unparalleled speed and convenience.

The “Snap Save” feature enables Gullak Money users to access 1-click savings from the home screen. Users can securely invest in 24K gold by tapping the desired amount. This exclusive feature is available to select users and will soon be accessible to all users nationwide.

“We are thrilled to introduce ‘Snap Save,’ a game-changing feature that simplifies the savings process for our users. By leveraging the power of UPI AutoPay, we are enabling Indians to accelerate their financial goals with just one click. This innovation reflects our commitment to delivering unmatched speed, convenience, and security in the world of digital savings. Manthan Shah, Co-founder of Gullak Money, said, “We are committed to constantly innovating and leveraging cutting-edge technology to deliver the most seamless savings experience for a billion Indians.”

Commenting on the launch, Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives at NPCI, said, “We are delighted to contribute to Gullak Money’s transformative journey, reshaping saving and investing habits among tech-savvy users while providing them with convenient, secure, and efficient payment solution. UPI AutoPay aims to simplify recurring payments in India. Users of Gullak Money App will now be able to use the Snap-Save feature and invest in digital gold within seconds.”

About Gullak Money

Gullak aims to create wealth for 100 Mn Indians. It automates savings with UPI AutoPay 2.0 and invests in digital gold through Augmont, a leading gold refinery in India. Currently, Gullak has a Monthly GMV of $1.6Mn and gained popularity with Gullak Gold+. This investment option offers an assured extra 5% gold annually, along with around 11% annual gold returns, making it a lucrative choice surpassing 90% of Mutual Funds’ returns.

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