look news india
Jio New UPI App Launch: Mukesh Ambani has become a part of the global digital race. After the telecom sector, Ambani wants to make his strong presence felt in the fintech sector through the Jio Finance app, which can create a stir in the UPI sector, as many facilities will be provided on the Jio Finance app.
Mukesh Ambani is rapidly gaining a foothold in the digital space. However, the reality is that till now there is a lack of Indian companies in India's online payment market. However, now Mukesh Ambani is preparing to enter this sector. For this, Mukesh Ambani is bringing a super app Jio Finance. This can give a big blow to big payment apps like Google Pay, PhonePe and Paytm.
These facilities will be available
Jio's new JioFinance app has been launched. It has been launched by Jio Financial Service Limited. Currently this app is in beta version. This is an all in one app on which finance and digital banking services will be available. All kinds of banking services along with UPI payment facility will be available on this app. Apart from this, the facility of bill settlement and insurance advisory will also be available. Loan and home loan can be taken through this app.
When will you be able to use it?
The Jio Finance app is currently in beta testing. Meaning, only a few selected users will be able to use it. It has been made available for download on the Google Play Store. After user feedback, the app will eventually be rolled out for general users.
Tension of Google Pay and PhonePe increased
Fintech companies like Google Pay, PhonePe and Paytm have already launched their apps in the market. In such a situation, Jio Finance App is considered to be in direct competition with Google Pay, PhonePe and Paytm. Let us tell you that many services will be available at one place on Jio Finance App, which Paytm, PhonePe and Google Pay do not provide. In such a situation, the entry of Jio Finance App can increase the stir.
