Realme is off to a dream start in India, having sold more than 15 million smartphones in a year. Now it is preparing to set foot in the financial services sector in India, with Realme PaySa. Today's Realme X2 launch event also saw the unveiling of the Realme Buds Air, as the company's first truly wireless earbuds. In a move no one has seen coming, Realme PaySa has also been announced as a new, easy-to-use, all-in-one loan and payment platform. The first beta version was available today, with the full version expected 6-12 months later. Its current offerings cover loans, savings and protection, payments and other financial tools aimed at the financial well-being of Indians. Personal digital loans ranging from Rs 8,000 to Rs 1,000,000, and small business digital loans up to Rs 5,000,000 can be obtained from the app within minutes with minimal paperwork. Larger loans are possible, but these will need to be approved by the Realme PaySa teams. Users can also generate their credit report in the app to learn about their credit scores and loan potential. This can be done three times for free. Credit Mantri is the fintech partner for this. Old and new smartphones can also be insured at Realme PaySa against accidents like damaged/broken screens. Mobile phone financing and payments are also planned for 2020. All Realme PaySa data will be stored locally in India in an encrypted format. In a first for any financial institution, app permissions can be controlled on a granular basis, letting you know what personal data is being shared. To make the service easier to use, the app will include human customer support in English and Hindi, accessible 7 days a week. Varun Sridhar, who will head the new Realme PaySa department, added: "Our goal is to acquire 25 million customers in the next 2 years by making traditional financial products accessible to consumers in emerging India. We plan to win by bringing innovation to our system and hardware to simplify access, co-develop products with partners, and develop user-friendly products. We also understand that earning customer trust is essential in the long run. We place the highest importance on data confidentiality and customer security ."