Rama Krishna Sangem
GoSats, an Indian asset-based Rewards company, today revealed its resounding success following the launch of Bharat Bill Pay Service (BBPS) for its Elite Card Users. Aligning with user requirements, the firm recently launched an innovative feature as part of its Elite Card — simplifying everyday spending for users.
The feature has since received enormous popularity — registering over 1,000 bill payment transactions daily, particularly in Postpaid recharge, FasTag recharge, and food & fashion shopping with leading e-commerce brands like Zomato, Domino’s, Flipkart, Myntra and Amazon, according to a press release on November 26, Tuyesday.
The success is a particular milestone for GoSats, which offers Sats (Bitcoin’s fractional unit) and Gold as part of its rewards system and recently announced registering 700,000 users in India. With Bitcoin registering record-high levels constantly, the introduction of BBPS also helps users with a unique opportunity to accumulate more wealth than ever, stacking approximately 7,000 Sats monthly — the valuation of which keeps on appreciating simultaneously with Bitcoin.
The GoSats Elite Card empowers extensive usage for its users through BBPS, completing utility bill payments, recharges, finance & tax, subscriptions and rent — receiving flat 1.5% rewards in Sats on all purchases. The firm is also offering the Elite Card at a 50% discount till the end of November.
Bitcoin rise unique opportunity
Mohammed Roshan, Co-founder & CEO of GoSats, feels the recent price appreciation of Bitcoin provides a unique opportunity for Indian users to adapt to the crypto space, saying, “The introduction of BBPS allows our users to align their daily expenditure with the crypto ecosystem.
With the infusion of new-age assets in conventional finance, Indians can seamlessly align with this shift by investing in Sats and Gold through only rewards. As Bitcoin’s price appreciates over time, the valuation of the rewards also increases, providing a chance for users to potentially make their shopping entirely free. We hope to create an entire ecosystem that empowers our users to make passive investments, securing their wealth and financial aspirations.”
The Elite Card users can use its services to shop and complete transactions with India’s leading e-commerce platforms and the rewards can be used to purchase vouchers with redemption of rewards from top brands such as Flipkart, Amazon, PVR, MakeMyTrip, PhonePe and others. Presently, the Elite Card is used by over 80,000 Indians, along with 7.5 lakh app installations — highlighting the unique opportunity for passive investments by Indian citizens. GoSats has also given out INR 30 Cr+ in rewards so far, a figure that is en route to a considerable boost with new milestones.
The firm is presently undertaking a significant development process and aims to double its user base by 2025. It also recently launched SatsPay, an exclusive feature for Elite Card holders, allowing them to simplify everyday transactions, from groceries to rent and everything in between. Aligning with the Government of India’s Digital India initiative, GoSats aims to transform the rewards ecosystem domestically, paving the way for a more simplified future.
About GoSats:
GoSats is an innovative financial platform that converts everyday spends into investments into valuable asset classes. Therefore, providing a unique opportunity for passive savings and wealth creation, said the press release.
