Dream11 parent Dream Sports testing Dream Money App to enter fintech sector

New Delhi: Fantasy gaming platform Dream11's parent firm, Dream Sports, is testing a new app, Dream Money, to foray into the financial services sector, sources aware of the development said on Sunday.

Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games.

"Dream Money has been under pilot for the last few months. The platform has not been launched yet," a source aware of the development said.

As per information available on Google Play Store, the app will offer gold purchase service on a daily basis, starting from Rs 10 per day and fixed deposits starting from Rs 1,000.

The app has been published by a Dream Sports entity, Dreamsuite.

The website of DreamSuite shows that DreamSuite Finance will be launched soon to offer "seamless financial services".

While Dream Sports has closed its online money-based games, it continues to operate sports experience and travel platform Dream Set Go, sports event ticketing and merchandise platform FanCode, game development unit Dream Game Studios, and non-profit organisation Dream Sports Foundation.