Jio Financial Services announced the launch of the beta version of JioFinance app.

What Happened: Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, revealed its ‘JioFinance’ app in beta version on Thursday, as per a company press release. The company said the app is set to revolutionize digital banking and everyday finances, incorporating features such as digital banking, UPI transactions, bill payments, and insurance advisory.

The ‘JioFinance’ app, offering a unified view of accounts and savings, is designed for users across all levels of financial technology proficiency. It aims to deliver effortless money management at the user’s fingertips. The company’s future plans include the expansion of loan solutions, starting with mutual fund loans and eventually offering home loans.

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‘JioFinance’ emphasizes trust, relevance, and transparency, inviting user feedback for continuous enhancement towards redefining the digital banking experience. Key features include instant digital account opening and streamlined bank management with the “Jio payments bank account” feature.

The app will initially launch in beta, seeking user input for further refinement. “Our ultimate objective is to simplify all finance-related aspects on 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,” a company spokesperson said.

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