Reliance is omnipresent. It just released the beta version of the JioFinance app in India. It is an all-in-one app that allows users to carry out a string of financial services including account aggregation, bill payments, UPI, and much more. The goal of this app is to simplify how individuals transact and manage their money from just a single platform.
Reliance JioFinance app now offers UPI services as it enters the beta stage. You can carry out utility bill payments just like PhonePe and Google Pay. As and when the app moves forward, it will support account aggregation which is a feature that tracks multiple bank accounts from a single app much like how Google Pay lets you check balances of multiple banks.
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The app’s UI looks familiar to Reliance Jio app which subconsciously instills trust and familiarity in the user’s mind. The app supports a Jio Payments Bank account as well (of course), much like Airtel Payments and Paytm Payments Bank giving users the ability to carry out financial transactions on just a fingertip.
Reliance JioFinance app is designed for seamless usage for people of all ages and technological literacy. According to Jio Financial Services which backs the app, it plans to extend loan solutions to the users in the future. This will allow users to seek loans against mutual funds with home loans as the ultimate next goal.
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As usual, this is a beta app that might run into bugs that will be eventually ironed out from future iterations. Reliance wants to take user feedback on how they can make the digital banking experience on the JioFinance app a bliss to make it a household name just as Reliance Jio made its place across the length and breadth of the country.
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A company spokesperson mentioned how JioFinance plans on offering a comprehensive suite of financial services including insurance payments, investments, lending, and other transactions making them affordable, transparent, and easy to do with just a flick of the finger.
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