Jio Financial announces JioFinance app to tap UPI and digital banking ecosystem

Jio Financial Services on Thursday announced the launch of JioFinance app (in beta currently), a platform for daily finances and digital banking.

This app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface,” said Jio in a stock exchange filing.

The JioFinance app will cater to users of all levels of familiarity with financial technology, ensuring effortless money management on finger-tips, it added.

Future plans include expanding loan solutions, starting with Loans on mutual funds and progressing to home loans, demonstrating a commitment to evolving customer needs.

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JioFinance key features include instant digital account opening and streamlined bank management with the “Jio payments bank account” feature.

“We’re excited to introduce the ‘JioFinance,’ app to the market. A platform that shall aim to redefine the way individuals manage their finances today. 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.