Jio Financial Services Ltd (JFSL) has released an updated version of its JioFinance App. The app is now available on the Google Play Store, Apple App Store, and MyJio, offering a range of financial products and services.
The release follows a beta phase that began on May 30, 2024, during which six million users tested the platform. JFSL states that user feedback from this period has been incorporated into the current version.
The JioFinance App now includes additional features such as Loans on Mutual Funds, Home Loans (including Balance Transfer), and Loan Against Property. These loans are available at market-competitive terms.
A digital savings account from Jio Payments Bank Ltd. (JPBL) is also part of the offering. JPBL reports that 1.5 million customers are using their accounts for routine expenses. The app includes features for UPI payments, mobile recharge, and credit card bill payments.
One of the app’s functions is to provide users with a view of their holdings across different bank accounts and mutual fund investments. The app also offers access to 24 insurance plans covering life, health, two-wheeler, and motor insurance.
JFSL has partnered with BlackRock to develop investment solutions, which they plan to introduce through the app in the future.
Hitesh Sethia, Managing Director and CEO of JFSL provided a statement: “At JFSL, we aim to provide access to financial services through technology. The JioFinance app, developed in India, is part of our effort to offer financial products to consumers.”
