Technical News Desk- Jio Financial Services has launched its updated JioFinance app. The beta version of the app was introduced about 4 months ago. The company says that since then, 60 million users have downloaded the app. The new app has been prepared after feedback received from users, which can be downloaded from platforms such as Google Play Store, App Store and MyJio. The JioFinance app will compete with apps like Paytm, PhonePe, Google Pay.
Jio said that it has added many services to the JioFinance app, which differentiates it from other apps. A mutual fund loan can be taken through the Jio Finance app. The loan can be taken against the property. This app also provides home loan and home loan balance transfer option. The company claims that to gain a foothold in the financial market, it will provide loans at competitive rates.
Jio said around 15 lakh customers have opened their savings account in its Jio Payments Bank Limited (JPBL), adding that JPBL’s savings account will be more secure with biometric authentication. With the help of the JioFinance app, users will also be able to make UPI payments, mobile recharges and credit card bill payments. All customer bank accounts and mutual fund holdings can also be linked in the JioFinance app. This app also offers many services in the field of life insurance, two-wheeler and automobile insurance.
What does the company say
Hitesh Sethia, Managing Director and CEO, JFSL, said, “Our mission at JFSL is to make transparent and convenient financial services accessible to people by leveraging technology. The new JioFinance app is made in India and with many new features coming, we are poised to become a trusted financial partner for the Indian population.
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