Jio Financial Services Launches ‘JioFinance’ app in Beta Mode to Advance Digital Banking

Current Context: Jio Financial Services Limited (JFSL) launched its integrated finance app ‘JioFinance’ in beta mode on May 30, 2024.

• The app offers services such as digital banking, UPI transactions, bill settlements, insurance advisory, and a consolidated view of accounts and savings.
• Key features of the app include:
• Fast and secure UPI payments, seamless bill payments, and timely reminders.
• Instant account opening in a few minutes, with zero balance feature, interest rate as high as 3.5% and a digital passbook, with Jio Payments Bank.
• Easy tracking and analysis of your spends in a few clicks.
• Insurance broking service to compare a range of Health and Motor insurance plans from multiple insurers.
• Rewards on every UPI transaction and bill payment.

Question:

1. When was the JioFinance app launched in beta mode?

• A) May 30, 2023
• B) May 30, 2024
• C) June 30, 2024
• D) April 30, 2024

Answer: B) Jio Financial Services Limited (JFSL) launched its integrated finance app ‘JioFinance’ in beta mode on May 30, 2024.