Jio New UPI App Launch: Mukesh Ambani has become a part of the global digital race. After the telecom sector, Ambani wants to make a strong presence in the fintech sector through the Jio Finance app, which can create a stir in the UPI sector, because many facilities will be offered 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 an absence 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. Due to which giant payment apps like Google Pay, PhonePe and Paytm can get a big blow.
These facilities will be available
Jio’s new JioFinance App has been launched. It has been launched by Jio Financial Service Limited. Currently the 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, bill settlement and insurance advisory will be available. Loan and home loan can be taken through this app.
When will you be able to use it
Jio Finance app is currently in beta testing. Meaning, some selected users will be able to use it. It has been made available for download on Google Play Store. The app will finally be rolled out for general users after user feedback.
Tension of Google Pay, 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 offer. In such a situation, the entry of Jio Finance App can increase the stir.
