JioFinance App: Every other day, Mukesh Ambani expands his corporate empire by venturing into new markets. With a net worth of Rs 963900 crore, the 67-year-old billionaire is among the richest persons in the world, according to Forbes. The “JioFinance” app’s beta version was just released by Jio Financial Services (JFS). Among other things, the app provides digital banking and UPI.
Beta Testing Phase for JioFinance App
The app is under beta testing right now. Digital banking and financial services will be offered on this one-stop app. This app will offer a wide range of banking services, including the ability to pay via UPI. In addition, the app will offer insurance advice and bill settlement services. The Google Play Store now offers a download for it. Following user input, the app will eventually be made available to the broader public.
The Jio Finance app will compete with Paytm, PhonePe, and Google Pay. The Jio Finance app will provide a multitude of services all in one location, something that its competitors do not. The app would facilitate simple money management and be accessible to customers with varying degrees of experience with financial technology, according to the company.
Key Features of JioFinance App
‘Jio payments bank account’ and quick digital account establishment are two of the key characteristics. Another is simplified bank management. After being split out from Reliance Industries Ltd., Jio Financial Services is a company that offers banking, payment aggregator, payment gateway, insurance broking, and investment and finance services.
In the fourth quarter of FY24, Reliance Jio saw a 35.2% year-over-year increase in data traffic. Additionally, 10.9 million net subscribers were added to the company’s client base, bringing the total to 481.8 million.