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Paytm Acquires Smart Savings Start Up Balance Tech

Designed to build saving habits for users, the Balance app offers saving options in mutual funds that could get users interest rates of up to 8.65 per cent per annum.

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"Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways," Balance Tech CEO and Co-Founder Ankit Kumar said in a statement.
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Digital payments major Paytm on Thursday announced the acquisition of Bengaluru-based smart-savings management start-up Balance Tech for an undisclosed amount.

Designed to build saving habits for users, the Balance app offers saving options in mutual funds that could get users interest rates of up to 8.65 per cent per annum.

“Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways,” Balance Tech CEO and Co-Founder Ankit Kumar said in a statement.

 the Balance Tech team will be an invaluable part of this journey," said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm. Flickr
the Balance Tech team will be an invaluable part of this journey,” said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm. Flickr

“Our conversational personal savings assistant nudges users to build a saving habit, and give purpose to their money as they go about their busy lives.

“We look forward to bringing in computational intelligence, unique design and proprietary algorithms with Balance to help Paytm users accomplish more with their money,” Kumar added.

The six-member Balance Tech team has joined Paytm product and design team and is working on further enhancing Paytm’s user/merchant interfaces, the SoftBank and Alibaba-backed Paytm said.

Also Read: Paytm Refutes Reports of Sharing Indian Users’ Data With Third Parties

“They have created a fantastic product with real user engagement. As we constantly look to create customised and intuitive user experiences, the Balance Tech team will be an invaluable part of this journey,” said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm. (IANS)

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Spend Your Money on The Right Sunscreen

Aashmeen Munjaal, celebrity make-up artist and Bharti Taneja, Director of Alps Beauty Clinic and Academy have shared some tips:

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If you reside near the coastal regions or are going on a vacation to the beach, you should choose a sunscreen lotions containing SPF 30 to 50. Pixabay

There are ample brands offering sunscreens in different forms, but you need to know your skin type before you spend a hefty amount on the product. So, make sure you buy the right kind of sunscreen, say experts.

Aashmeen Munjaal, celebrity make-up artist and Bharti Taneja, Director of Alps Beauty Clinic and Academy have shared some tips:

* Sun protection creams for face have to be of really fine quality. Rather than going for too many sun block creams, you need to choose light weighted mist spray and have a thin layer. For your body you can use thick layered sunscreen.

Lotions and sun-guards containing SPF (Sun Protection Factor) 20 to 35 are suitable for Indian skin types.

The rays of the sun affect the fair complexion easily. Lotions having SPF 30 is the best for people having a fair or wheatish complexion. In case you have a dark complexion, you should opt for lotions that contain SPF 20.

If you reside near the coastal regions or are going on a vacation to the beach, you should choose a sunscreen lotions containing SPF 30 to 50.

sunscreen
If you have very dry skin, you can blindly go for oily sun screen which has some greasy or oily effect in it. Pixabay

Sometimes for buying that sun screen you need to pay extra which equally hit your pockets. But after 50 SPF all sun screen are same in their effects.

* There are sunscreen lotions that are waterproof or water-resistant, which means that after the application of the lotion, even if you wash your face with water, the lotion will not wear off.

Waterproof sunscreen lotions will last up to 80 minutes in water and water-resistant sunscreen lotions can last up to 40 minutes in water. These kind of sunscreen lotions are best for swimmers.

* You need to identify if your skin is allergic to certain sunscreen. Different sunscreens have different ingredients so don’t be afraid of trying new sun screen.

Also Read: Sunscreens May Cause Vitamin D Deficiency

* If you have oily skin make sure you use gel based sunscreen or sun foundations — soufflé based, mousse based, powder based and water based.

If you have very dry skin, you can blindly go for oily sun screen which has some greasy or oily effect in it. It will eventually hydrate your skin besides protecting you from the sun.

For sensitive skin, avoid aphelia ingredients in skin. Also test the product on your skin at the back of your ear lobe. If there is no reaction you can continue with same sun screen. (Bollywood Country)

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