Jio Finance App compete paytm phonepe beta version launched offers UPI payments digital banking loan

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Jio Finance App: Jio’s Jio Financial Service has been in the news for many days. On Wednesday, the company launched the beta version of Jio Finance app. The company has said that it will offer facilities like UPI, digital banking and loan on mutual funds to the people through its app. To explain in simple words, just like you make UPI payment through Paytm, PhonePe etc., you will be able to make payment through Jio Finance app as well.

One of the most prominent features of the Jio Finance app is the facility to open an instant digital account. According Users will be able to open a bank account or a prepaid wallet. Just like an account was opened in Paytm till a few years ago. After creating a wallet or opening an account, bill payment can be done through the app. Money can be transferred.

This process will be completed through Jio Payments Bank, i.e. the account will be opened there, which will be digital. Jio says that Jio Payments Bank is registered with DICGC, a division of RBI.

The most special feature of Jio Finance App is going to be UPI payment. You can connect to the UPI payment feature of Jio Finance App through the mobile number connected to the bank in which you have an account. After that, you will be able to make UPI payment just like you do with Paytm or PhonePe.

Jio says that all the features like digital banking, UPI transactions, bill settlement, insurance advisory have been seamlessly integrated in Jio Finance App. It is claimed that its interface is user friendly. However, this is currently a beta version. It is expected to be launched for the general public soon with the final version.


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