New mobile account in India Wizely gears for launch
Wizely is launching a savings account in the Indian market that is complemented with guided advice to make the right choice in choosing financial products based on each user’s own unique situation.
Just like current or checking accounts in India, savings accounts are used for most of the consumer’s daily and financial needs.
“If this account understands you better than anyone, it should probably help you with every decision when it comes to your finances. The unfortunate reality is that it doesn’t,” says Nizar Bobba, co-founder at Wizely.
Vijay Bobba is the app’s other co-founder and CEO, having been CEO of Indian paytech, Payback in the past.
According to him, the Wizely account can be opened in minutes from a smartphone, with no paperwork; it nudges users to save for their goals and earn interest to reach them faster; and helps control spending.
Wizely says it launching this account in partnership with one of India’s largest banks, which remains undisclosed.
The app, which has opened its waiting list, will be available on iOS and Android.