Mumbai: Mukesh Ambani is now busy expanding the business of Reliance. They are going to start business in various fields. As part of that, Reliance is now entering the banking sector. Something is coming that will drastically change the operations of the banking sector.
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What would it be like to have a bank right in your pocket? Think about it? But there are no branches or waiting lines. Everything can be done with the smartphone in your pocket. Reliance is now bringing such a banking plan.
We are talking about Jio Financial Services. It is a part of Reliance Industries. They have now launched an app without much publicity. That is Jio Financial Services. All banking services are available together through this app.
It will be available from UPI payments to home loans. All you need is a smart phone. It has reached the masses very quickly. This app can be downloaded now on playstore. The app is getting quick response from people.
Jio Financial Services has already received more than 10 lakh downloads. These are known as one-stop shops. Paying bills, taking loans and investing in mutual funds can all be done with this app. What’s more, even insurance can be paid for.
Of course we use many apps for this. Don’t go up and down like that anymore. There is a possibility that the smartphone will hang due to many apps running in and out. They also drain the battery quickly. Now Reliance will help bring a little bit of all that.
Meanwhile the arrival of this app is sure to upset many bigwigs. Before Reliance’s Jio came, Airtel and BSNL were dominant. But after the advent of Jio, big changes have taken place. They have reached the top among users. This change in the telecom sector may be replicated by Jio in the banking sector as well.
Reliance will definitely leave banks and fintech apps behind. Fintech platforms like Paytm, PhonePay, etc. are all under pressure for the arrival of this mobile bank. Mukesh Ambani’s style of entering the scene after studying a market properly has been successful here as well. Reliance’s approach is to be the first to launch.
