The app will integrate UPI transactions, bill settlement, insurance advisory, and offer a consolidated view of accounts and savings.
New Delhi: Jio Financial Service on Wednesday announced the beta version of the Jio Finance app to offer UPI transactions, digital banking, bill settlement, and loans on mutual funds under one user interface. Reliance’s new venture aims to offer “a cutting-edge platform revolutionising daily finances and digital banking,” the company said.
Features Of Jio Finance App
The app will integrate UPI transactions, bill settlement, insurance advisory, and a consolidated view of accounts and savings. All the financial needs of the users will be catered in the app while ensuring effortless money management.
Moreover, Reliance said that its future plans include expanding loan solutions, starting with loans on mutual funds and progressing to home loans.
“Jio Finance prioritises trust, relevance, and transparency, seeking user feedback for continual improvement towards redefining digital banking experience,” the company said. Key features of the app include instant digital account opening and streamlined bank management with the ‘Jio payments bank account’ feature.
“Our end goal is to simplify everything related to finance in a single platform for any user across all demographics, with a comprehensive suite of offerings like lending, investment, insurance, payments & transactions, and make financial services more transparent, affordable and intuitive,” said a company spokesperson.
Initially, Jio will release a beta version of the Jio Finance app to ensure customer satisfaction and will use the feedback to refine the app.
What Is Jio Financial Service?
Jio Financial Services provides easy-to-use, transparent financial products to cater to the financial needs of individuals and small businesses, often untapped in urban, semi-urban, and rural areas of India.