Hyderabad: Jio Finance, a digital payment app was recently released by Ambani’s Jio Financial Services (JFS). It offers UPI and digital banking among others. The app is in its beta version for now Digital banking and financial services are provided on this one-stop app.
The app also provides the availability of seamless UPI payments, bill settlement, and insurance advisory on the app. Google Play Store has made the app available for download for users. After user feedback, the app will be rolled out for general users.
Jio Finance App will compete with PhonePe, Paytm, and Google Pay. Many services are going to be available in one place that its competitors don’t offer.
The company said that the software offers uncomplicated money management and is suitable for customers with varying levels of experience with financial technology.
The stand-out feature of this app is its Jio Payments Bank Account which allows instantaneous digital account opening and streamlined bank management.
Jio Financial Services, which is carved out from Reliance Industries Limited, offers investing and financing, insurance broking, payment aggregator, and payment gateway services.
