Wednesday, June 12, 2024
21.9 C
New York

India’s Reliance Group launches financial services super-app JioFinance

Jio Financial Services Launches JioFinance App:

  • Company Overview:
    • Division of Reliance Group, founded by Mukesh Ambani.
    • Competing with Tata Group, PhonePe, and Paytm in the fintech market.
  • App Features:
    • Launched in beta, inviting user input for refinement.
    • Provides a consolidated view of accounts and savings.
    • Enables UPI transactions, bill settlements, digital banking, and access to insurance advice.
    • Aims to offer a unified interface for diverse financial services.
  • Future Plans:
    • Expand app offerings to include loan solutions.
    • Initial focus on loans against mutual funds.
    • Plans to introduce home loans subsequently.
  • Company Vision:
    • Simplify finance for all demographics through a single platform.
    • Offer comprehensive financial services: lending, investment, insurance, payments, and transactions.
    • Aim for transparency, affordability, and intuitive user experience.
  • Recent Developments:
    • Announced a collaboration with BlackRock in April to establish wealth management and brokerage services in India.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

U.S. Bank taps Greenlight for family-focused money management tools

U.S. Bank Partners with Greenlight to Enhance Financial Literacy...

Finseta offloads non-trading subsidiary Capital Currencies to undisclosed buyer for £150,000

Summary of Finseta's Sale of Capital Currencies:Transaction Overview:...

Peru becomes first South American country to adopt NPCI’s UPI tech

Summary of BCRP and NPCI International Partnership:Partnership Overview:...

Beobank selects Viva to power new corporate payment solutions for SMEs in Belgium

Beobank and Viva Partnership - Key Points:Partnership Objective:...

Siri and Google Assistant look to generative AI for a new lease on life

There’s a lot riding on next week’s WWDC 2024...

Centenary Bank embarks on tech overhaul with Oracle Flexcube core banking system

Centenary Bank Technology Transformation - Key Points:Bank Overview:...

Related Articles

Popular Categories

spot_imgspot_img