Jio just lunched JIO Finance.

Trilochan20

KF Expert
I have installed the application; however, it lacks any information regarding rewards one might accrue. So, I haven't made any transactions. Additionally, the application does not seem to offer a referral bonus system.
Do you think, the bank account and the free debit card with lounge access will make people use this ? Also how do you use a virtual debit/credit card for lounge access ?
 

Skylar

KF Master
Do you think, the bank account and the free debit card with lounge access will make people use this ? Also how do you use a virtual debit/credit card for lounge access ?
I’m not sure about others, but I wouldn’t open an account with this one. While I appreciate the convenience of digital banking, having a local branch is essential for me.

Regarding the debit card, the app generates a QR code or barcode that can be scanned by the lounge associated with Reliance.
 

talk2rik

KF Ace
As far as I know, Jio is offering the Savings Account in Payments Bank Pattern. If someone is sure that the Payments Bank is good for him/her, good to go. But, for us, a traditional pattern must be followed, like a physical branch, cash deposition in a proper manner, and a physical debit card for ATM transactions at least.

Why would someone open an account with Jio and use their virtual debit card when UPI Credit Cards are already present in the market?!
 
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