The upgraded version of JioFinance app developed by Jio Financial Services (JFSL) has been officially launched to provide comprehensive digital financial services.
The app is available on Google Play Store, Apple App Store, and MyJio and has been improved based on feedback from over 6 million users during the beta phase that started in May 2024.
Since its beta launch, the JioFinance app has expanded its offerings to include a variety of financial products such as mutual fund loans, home loans with balance transfer options, and mortgage loans.
The financing will be provided on “competitive terms”, the company said.
In addition to lending services, Jio Payments Bank (JPBL) offers a digital savings account that can be opened in under 5 minutes.
The account features biometric authentication and a physical debit card and has already attracted more than 1.5 million customers. JPBL account facilitates everyday transactions like UPI payments, mobile recharges, credit card bill payments, etc.
Hitesh Sethia, Managing Director and CEO of JFSL, said: “JFSL’s mission is to leverage technology to democratize access to seamless and convenient financial services.
“With the updated JioFinance app, which is truly Made in India, and many more new features coming soon, we are well on our way to becoming a trusted financial partner for the people of India, and our comprehensive A range of financial products to help meet the aspirations of people in India.
The app also provides an aggregated view of users’ bank and mutual fund holdings, enhancing their financial management capabilities.
Additionally, you can access 24 insurance plans including life insurance, health insurance, two-wheeler insurance, and auto insurance, all available digitally.
JFSL works with joint venture partner BlackRock to introduce innovative investment solutions to customers. This partnership aims to offer world-class investment options through the JioFinance app.
“Launch new JioFinance app for various financial services in India” was originally created and published by Retail Banker International, a brand owned by GlobalData.
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