Jio Financial Launches 'JioFinance' App In Beta Version

Jio Financial Services Ltd. has on Thursday unveiled the 'JioFinance' app in beta version, according to an exchange filing on Thursday.

The initial version of the application will integrate digital banking, UPI transactions, bill settlements and insurance advisory, in terms of services. It would also present a consolidated view of accounts and savings to all users.

Key features of the application would include instant digital account opening and streamlined bank management with the "Jio payments bank account" feature, the company said in a statement to the exchanges.

"To ensure customer satisfaction, 'JioFinance' will launch in beta, inviting user input for refinement," Jio Financial said.

The company's future plans include expanding loan solutions, starting with loans on mutual funds and progressing to home loans, it said.

Shares of Jio Financial closed 0.5% lower at Rs 347.80 on Bombay Stock Exchange. That compares with 0.8% decline in the country's benchmark S&P BSE Sensex.