Reliance Jio's financial division, Jio Financial Services, has announced plans to offer insurance products, including life, general, and health insurance. The company intends to partner with global players and use predictive data analytics to create tailored products for customers. Jio Financial Services is also consolidating its infrastructure to provide a universal platform for digital payments, aiming to go beyond industry standards by offering features like blockchain-based platforms and CBDC. Additionally, the company plans to expand into merchant lending and wealth management services in partnership with BlackRock.
Jio to offer insurance, and other financial services
August 28, 2023
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Reliance Jio's financial division, Jio Financial Services, has announced plans to offer insurance products, including life, general, and health insurance. The company intends to partner with global players and use predictive data analytics to create tailored products for customers. Jio Financial Services is also consolidating its infrastructure to provide a universal platform for digital payments, aiming to go beyond industry standards by offering features like blockchain-based platforms and CBDC. Additionally, the company plans to expand into merchant lending and wealth management services in partnership with BlackRock.