Jio Financial unveils its initial beta version of the JioFinance app,providing services including UPI-based loans, digital banking, and mutual funds
The subsidiary of Reliance Industries Ltd. referred to the application in a regulatory document as a “state-of-the-art infrastructure transforming everyday financial and online banking activities.” The ability to quickly open a digital account and the ease of managing a bank account through the “Jio Payments Bank Account” feature are among the main aspects of the Jio Finance app.
On May 30, Jio Financial Services launched the beta version of the Jio Finance app to offer loans on UPI, digital banking and mutual funds. Instant digital account opening and simplified bank management with the “Jio Payments Bank Account” feature are two of the Jio Finance app’s key features.
According to a press release from the company, the “JioFinance” app is made for easy navigation and is suitable for users with varying levels of experience with financial technology. This means that users can manage their money seamlessly and conveniently.
Future plans include expanding lending solutions, starting with loans against mutual funds and then moving on to home loans, reflecting a commitment to the changing needs of customers. Instant digital account opening and simplified bank management with the Jio Payments Bank account feature are two of its primary features, according to the press release.
To ensure customer satisfaction, Jio Financial Services said, JioFinance will launch in beta, inviting user inputs for improvements.
“Our ultimate goal is to simplify everything related to finance for any user across all demographics on a single platform, covering a comprehensive suite of offerings such as loans, investments, insurance, payments and transactions and make financial services more transparent, affordable and seamless,” a company spokesperson said.
