Finvasia, a global enterprise headquartered in Mohali, is expanding its presence in Punjab, with its newly launched platform – ‘Jumpp’, India’s first Al-powered financial superapp. Developed in partnership with YES Bank,
Jumpp provides banking, savings, payments, investments, and credit, all packaged into a single, intuitive platform.
Punjab is rapidly embracing digital finance, with Chandigarh leading the way in per capita digital payment transactions, averaging over 38 transactions per person. UPI-enabled credit card usage is also on the rise, with users making 40 transactions and spending ₹40,000 monthly. Across the state, fintech adoption is transforming MSMEs and startups, especially in rural and semi-urban areas.
Government initiatives are further fueling this shift. The RBI has been conducting financial literacy camps, while Digital Banking Units (DBUs) are making digital banking more accessible. Credit card spending in smaller cities surged by 175% between 2019 and 2024, highlighting the growing digital finance wave.
As digital payments grow, so does the need for better financial management. Jumpp helps users track spending, manage credit, and optimise digital transactions, making it the perfect solution for Punjab’s evolving financial landscape.
Recognizing the rising demand, Jump is expanding beyond major cities like Ludhiana, Amritsar, Jalandhar, and Patiala into underserved regions such as Bathinda, Moga, Pathankot, and Barnala— strengthening financial inclusion across Punjab.
“Jumpp is more than just an app-it’s a step towards enhancing financial reach. With Al-powered features and a simple interface, we are helping people manage their money smarter. Punjab’s fast-growing digital adoption and entrepreneurial spirit make it an important market for us. Through our partnership with YES Bank, we aim to bridge financial gaps and empower users across the state to take control of their finances with ease,” said Sarjeet Singh Virk, Co-Founder and CEO, Jumpp.
Jumpp’s Al-driven platform helps users track spending, manage credit, and optimize savings by analyzing income patterns and financial behaviors. With an intuitive interface available in English and Hindi, the app ensures accessibility across urban and rural markets. Users can interact via voice or text, making financial decisions easier and more intuitive.
Jumpp is currently available by invite only, allowing Finvasia to fine-tune its Al capabilities before full-scale deployment. With a target of onboarding 1 million users by January 2026, the platform is poised to transform financial management across Punjab, making banking, investing, and financial planning smarter, more secure, and hassle-free.
