Jio Finance App: The Super App For UPI, Payment and Banking
Jio Finance App: An Overview
Reliance Jio has announced “Jio Finance” app in beta mode which is available now in Playstore. With over 1000+ downloads, its beta version is only available now, for Android users only.
The app serves all financial needs such as UPI transactions, digital banking, bill payment, insurance, loans, etc.
You can further track your expenses.
Jio Financial Services launched its beta app seeking user feedback to refine its features. The app offers a one-stop shop for financial needs in India, allowing users to view accounts, manage savings, make UPI transactions, pay bills, access digital banking services, and get insurance advice.
The company plans to expand the app’s functionality to include loans, starting with mutual fund loans and eventually home loans.
Their goal is to create a user-friendly platform with a comprehensive suite of financial products and services, making finance simpler and more accessible for everyone in India.
Key Features of Jio Finance App
1. Recharge & Bill Payment
In addition, it provides mobile, fibre, landline, DTH, Cable TV, Broadband, FASTag, electricity, piped gas, water, and bill payment. In addition, you can book LPG, apply for a credit card, pay rent, and make recurring deposits. It may add more features in the upcoming days.
Furthermore, you can take insurance, donate, buy subscriptions, pay housing society, municipal tax, clubs and associations, hospitable and pathology bills on the go through this app.
As usual, you may expect better offers and cashback programs on making transactions through the Jio Finance app.
2. Instant account opening(Jio Payment Bank)
It includes Jio Payment Bank which allows opening a bank account within a few minutes. It offers a zero-balance account with a 3.5% interest rate and a digital passbook. It offers a Rupay Platinum debit card.
3. Expense tracking with My Money
My Money gives you the option to link and view all your bank accounts in one place and analyze all your income and expenses. It also offers an expense tracker and spend analyzer.
4. Cashback & Rewards
Apart from this, you will expect better rewards than popular payment apps such as Gpay or CRED, on making payments through Jio Finance app. Though it is still in beta stage, but you will get better rewards on UPI payments. So if you are looking for a new app for cashback and rewards, you should explore this app.
Conclusion
Jio Finance app appears to rival popular payment apps like Paytm, Google Pay, and PhonePe. With Jio’s history of attractive cashback offers, you might expect even better deals by switching.
However, the app’s beta phase means features and value propositions are still under wraps. It’s unclear if it will offer unique benefits or simply replicate existing options.
As expected in beta, the app may have some bugs. Some users have reported cashback similar to Google Pay’s brand vouchers.
It remains to be seen if Jio Finance will become a serious competitor or have minimal impact. So far, the app seems to have a good UI and runs smoothly.
