JioFinance Launches New App in India Featuring UPI, Bill Payments, and Loan Services
JioFinance has officially launched its new app in India, providing a comprehensive suite of financial services to users across the country. Developed by Jio Financial Services Limited (JFSL), a former Reliance Industries Limited subsidiary, the JioFinance app caters to a variety of financial needs, including UPI transactions, bill payments, and investment management in mutual funds. Initially introduced in beta in May, the app has already amassed over six million users who have explored its services, according to JFSL. This robust adoption underscores the app’s growing popularity as a convenient, all-in-one platform for managing daily financial activities.
Available for both Android and iOS devices, the JioFinance app can be downloaded via the Google Play Store and Apple’s App Store, as well as accessed through the MyJio platform for Jio users. JFSL has emphasized the app’s user-friendly interface, designed to simplify financial tasks and offer intuitive navigation. The launch is expected to strengthen Jio’s reach in the digital finance sector by providing an accessible tool for individuals to seamlessly perform transactions, manage investments, and pay bills.
One of the core features of the JioFinance app is its UPI payment capability, which allows users to link their bank accounts, scan QR codes for in-person transactions, and transfer money online. In addition to enabling domestic transactions, the app includes UPI International, a feature that supports cross-border payments. This inclusion is expected to enhance convenience for users with international payment needs, providing a unified platform for both local and overseas financial activities.
Furthermore, the app offers a rewards program where users can earn benefits with each UPI transaction. JFSL has integrated several customization options, including the ability to remove UPI IDs, switch between linked bank accounts, and set mandates for scheduled payments. By combining a wide range of features, from investment tracking to seamless UPI functionality, JioFinance is positioning itself as a key player in India’s growing fintech landscape, appealing to users seeking an efficient, versatile financial management tool.
