Informative

Jio Financial Services Expands JioFinance App With New Offerings

Update / Judgement Date

11 Oct 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementInsurance

Jio Financial Services has expanded its JioFinance app with new offerings, including loans on mutual funds, home loans, and loans against property. The upgraded app also provides 24 digital insurance plans, such as life, health, two-wheeler, and motor insurance. Since its beta launch in May 2024, the app has onboarded over 6 million users. Jio Payments Bank, integrated into the app, offers digital savings accounts with biometric authentication and physical debit cards. The app supports UPI payments, mobile recharges, and credit card bill payments, providing an aggregated view of bank accounts and mutual fund holdings.

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Jio Financial Services Expands JioFinance App With New Offerings

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