Finvasia unveils AI-powered app

Finvasia, a Mohali-based technology innovator, has launched Jumpp — India’s first AI-powered financial superapp — in partnership with YES Bank. The app integrates banking, savings, payments, investments, and credit into a single platform, making financial management more accessible and efficient for users.

Punjab is rapidly adopting digital finance, with Chandigarh leading in per capita digital payment transactions, averaging 38 per person. The state has seen a sharp rise in UPI-enabled credit card usage, with people making 40 transactions and spending Rs 40,000 monthly. Government initiatives such as financial literacy camps and Digital Banking Units are further accelerating this shift, especially in smaller towns and rural areas.