According to Jio Financial Services, the app will give users a "consolidated view of accounts and savings" and allow users in India to conduct UPI transactions, pay bills, participate in digital banking, and access insurance advice—all from a single, unified interface. The app was released in beta and is currently accepting "user input for refinement."

Jio Financial Services has said that it plans to add loan solutions to the app in the future. The goal is to first offer loans against mutual funds and then introduce house loans.

Commenting on the launch, a company spokesperson says: “Our end goal is to simplify everything related to finance in a single platform for any user across all demographics, with a comprehensive suite of offerings like lending, investment, insurance, payments, and transactions, and make financial services more transparent, affordable, and intuitive.”

Jio Financial Services and BlackRock, a US asset management company, announced in April that they will be partnering to provide wealth management and brokerage services in India. JioFinance was only recently launched.