Jio Financial Services Ltd on May 30 announced the launch of their 'JioFinance' app (in beta mode). In a stock exchange filing, the Reliance Industries Ltd subsidiary said the app is "a cutting-edge platform revolutionising daily finances and digital banking".
"This app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface. Designed for friction-less navigation, "JioFinance" app will cater to users of all levels of familiarity with financial technology, ensuring effortless money management on finger-tips," said Jio Financial Services.
"We're excited to introduce the 'JioFinance,' app to the market. A platform that shall aim to redefine the way individuals manage their finances today. Our end goal is to simplify everything related to finance in a single platform for any user across all demographics, with a comprehensive suite of offerings like lending, investment, insurance, payments & transactions and make financial services more transparent, affordable and intuitive," said a company spokesperson.
On May 30, Jio Financial Services' shares on BSE closed trading 0.3 percent lower at Rs 348 apiece.
JFS said its future plans include expanding loan solutions, starting with loans on mutual funds and progressing to home loans, "demonstrating a commitment to evolving customer needs".
"JioFinance" prioritises trust, relevance, and transparency, seeking user feedback for continual improvement towards redefining digital banking experience. Key features include instant digital account opening and streamlined bank management with the "Jio payments bank account" feature, said the company.
To ensure customer satisfaction, JFS said, "JioFinance" will launch in beta, inviting user input for refinement.
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