Reliance's big bet in the financial market: Launched JioFinance app with new features for customers
Jio Finance: According to Reliance, about 15 lakh customers have opened savings accounts in Jio Payments Bank Limited (JPBL). A savings account can be opened digitally in the bank in just 5 minutes. A debit card will also be available with the account and the savings account will also be more secure due to biometric authentication.
Jio Financial Services Limited (JFSL) has introduced the fully built JioFinance app to deliver better financial services than before. Almost four months ago, the JioFinance app's beta version was released on May 30, 2024. Since then, 60 lakh users have downloaded it.
The company says that the new app has been designed as per customer feedback. The new app will be available in Google Play Store, Apple App Store, and MyJio. The company has added many new services to its financial product chain. These include loans on mutual fund, loan on property, home loan, and home loan balance transfer. To get a grip in the financial market, the company is preparing to provide credit at competitive rates.
According to the company, approximately 15 lakh customers have opened their savings accounts in Jio Payments Bank Limited or JPBL. The savings account in the bank can be opened digitally within just 5 minutes. Along with the account, a debit card too will be available and there biometric authentication will provide even more exclusive security to the savings account. Besides, UPI payment, mobile recharge, and payment of credit card bills too will be provided to the customers.
According to Hitesh Sethia, Managing Director and CEO of JFSL, "The mission of JFSL is to serve the people with seamless and convenient financial services by leveraging technology. The new JioFinance app is 'made in India' and with many new features coming soon, we are heading towards becoming a trusted financial partner for Indians."
