- JioFinance App includes features like Loans on Mutual Funds, Home Loans, and UPI Payments.
- Over 6 million users tested the beta version before the official launch.
- Jio Payments Bank Ltd. offers digital savings accounts with 1.5 million users.
Jio Financial Services Ltd. (JFSL) has launched an updated version of its JioFinance App, which is now available across various platforms like Google Play Store, Apple App Store, and MyJio. This app is designed to provide seamless financial services, making it a powerful contender in the digital finance space alongside apps like Paytm, PhonePe, and Google Pay.
The app first entered the market in a beta version on May 30, 2024, with over 6 million users testing its features. Feedback from this beta phase has played a significant role in shaping the current version, ensuring that it meets the needs of a broad audience.
JioFinance App
The new JioFinance App brings a range of services under one roof, making it easier for users to manage their financial activities. Whether it’s taking out loans on mutual funds or handling home loans (including balance transfers), the app offers competitive terms to ensure users have access to market-best rates. The app also supports loans against property, adding another layer of versatility.
Moreover, the app integrates services from Jio Payments Bank Ltd. (JPBL), which has 1.5 million customers already using digital savings accounts for everyday transactions. With features like UPI payments, mobile recharges, and credit card bill payments, the app positions itself as an all-in-one financial tool.
Expanded Services and Features
One of the standout features of the JioFinance App is its ability to let users monitor their holdings across multiple bank accounts and mutual fund investments. Additionally, the app gives users access to 24 different insurance plans, covering life, health, and motor insurance.
Another exciting development is JFSL’s partnership with BlackRock, which promises to bring cutting-edge investment solutions to the app. These features are expected to be rolled out soon, further enhancing the app’s offerings.
The JioFinance App is much more than a typical finance app it’s a robust platform offering loans, savings accounts, UPI services, and investment solutions. With the integration of Jio Payments Bank Ltd. (JPBL) and future plans in collaboration with BlackRock, JFSL is well on its way to becoming a major player in the financial technology sector. As it continues to evolve, the JioFinance App is set to make a significant impact on the way Indians manage their finances.
Hitesh Sethia, Managing Director and CEO of JFSL
“Our goal is to use technology to make financial services accessible to all. The JioFinance App is developed right here in India, and we are committed to offering a wide range of financial products for our customers.”
The launch of the updated app marks JFSL’s continued efforts to solidify its presence in India’s competitive financial market. With features that make it stand out from other digital finance platforms, the JioFinance App is positioned to become a go-to tool for millions of users.
FAQ
What services does the JioFinance App offer?
The app offers loans on mutual funds, home loans, UPI payments, and digital savings accounts.
How does JioFinance compare to other apps?
It provides competitive loans, multiple financial services, and partnerships with leading companies like BlackRock.
Is the Jio Payments Bank integrated into the JioFinance App?
Yes, Jio Payments Bank Ltd. provides digital savings accounts through the app, along with other financial services.
