The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app is now available widely for users in the country. It offers facilities for carrying out UPI transactions. It also allows for monitoring and investing in mutual funds and making bill payments. Notably, it was first introduced in beta in May. JFSL claims that over six million people have already taken advantage of its services.
The JioFinance app is available for download on the Google Play Store for Android. It is also available on the App Store for iOS devices, according to JFSL. Alternatively, it can also be accessed through the MyJio platform.
With JioFinance, users can carry out UPI payments by linking their bank accounts and scanning QR codes at offline merchants. It also allows online payments and money to be sent to other users. The app’s UPI International feature can be used to make cross-border payments. Various settings, such as removing UPI IDs, changing bank accounts and setting mandates, can be managed through the app. Rewards will be awarded for every UPI transaction carried out within the app.
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