JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India 3r6x2g

The introduced in beta in May, and JFSL claims that over six million people have already taken advantage of its services.

JioFinance App Features 3y5u32

According to JFSL, the JioFinance app is available for on the iOS devices. Alternatively, it can also be accessed through the MyJio platform.

With JioFinance, s can carry out UPI payments by linking their bank s and scanning QR codes at offline merchants. It also allows online payments and money to be sent to other s. The app's UPI International feature can be used to make cross-border payments. Various settings, such as removing UPI IDs, changing bank s and setting mandates, can be managed through the app. Rewards will be awarded for every UPI transaction carried out within the app.

Furthermore, the app also claims to simplify the banking experience by enabling the opening of zero-balance savings s in three steps. Using this , customers can send or receive funds via NEFT or IMPS and also get a physical debit card.

JioFinance also carries functionalities similar to other payment service apps, such as utility bill payments, mobile, FASTag, DTH recharges, and credit card payments. With the loan on-chat feature, s can get loans, including loans, mutual funds and property, and home loans and also transfer them. JFSL says they will only have to pay interest on the utilised amount against the full amount at once. The loan facility offered by the JioFinance app is available to all salaried and MSME customers.

The app brings an insurance facility, too. s can check and avail life, health, two-wheeler and motor insurance plans within JioFinance.