Jio Financial Services on May 30 announced the launch of the beta version of its ‘JioFinance’ app. The subsidiary of Reliance Industries Limited said in a stock exchange filing that this is an app equipped with very modern technology, which can revolutionize daily finance and digital banking.
Jio Financial Services on May 30 announced the launch of the beta version of its ‘JioFinance’ app. The subsidiary of Reliance Industries Limited said in a stock exchange filing that this is an app equipped with very modern technology, which can revolutionize daily finance and digital banking.
A statement issued by Jio Financial Services said, ‘This app integrates digital banking, UPI transactions, bill settlement, insurance advisory, that is, it will be a single user-friendly interface for all these things. The ‘Jio Finance’ app will meet the needs of all users related to financial technology and your money management will be at your fingertips.’
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A company spokesperson said, “We are very excited to introduce the ‘Jio Finance’ app in the market. The purpose of this platform is to change the way people manage their finances. Our goal is to make all things related to finance easy for users on one platform.” On May 30, shares of Jio Financial Services closed at Rs 348 crore with a decline of 0.3 percent on the Bombay Stock Exchange (BSE).
Jio Financial Services’ (JFS) future plans include expanding loan solutions, offering features like mutual fund-based loan initiation, etc. According to the company, the priority of ‘Jio Finance’ is to improve trust, relevance and transparency as well as digital banking experience. The main features of this app include instant digital account opening facility, ‘Jio Payments Bank Account’ feature, etc. JFS says that for customer satisfaction, ‘Jio Finance’ will be launched in beta version and will seek suggestions from users to improve it.
