<ul data-eligibleForWebStory="false"><li>Fintech app Belong is expanding its NRI services in GCC, UK, and US to address longstanding issues faced by NRIs when investing in India, such as complex processes and taxation complications.</li><li>Belong will offer USD fixed deposits through India's GIFT City, providing tax-free returns, protection against rupee depreciation, and shorter investment tenures without the need for NRE/NRO accounts.</li><li>Despite remittances to India growing, NRIs' share in mutual fund AUM fell, indicating difficulties in investing. Belong aims to simplify the investment process for NRIs, offering a Payment Services Provider and broker dealer license.</li><li>Belong plans to introduce various financial products like mutual funds, stocks, insurance, and non-financial services such as elder care and property management to assist NRIs in managing their relationships and lives in India better.</li></ul>

Fintech app Belong to extend footprint, offer NRI services in GCC, UK and US

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