Jio Financial Services launches rental services for laptops, phones, airfiber and other tech devices
Jio Financial Services is introducing Device as a Service (DaaS) as a financing model for corporates. DaaS allows companies to lease devices instead of purchasing them, preserving cash flow and enabling better IT fleet management. The company plans to offer finance and operating leases for assets like airfiber, phones, and laptops, aiming to establish a new market model for consumer devices.
In a presentation to investors, Jio Financial Services, carved out from Mukesh Ambani’s conglomerate Reliance Industries, highlighted the benefits of DaaS, emphasizing lower risk due to asset ownership and the opportunity for sharper targeting for cross-selling based on customer insights.
Mukesh Ambani had earlier shared with shareholders that Jio Financial Services (JFS) aims to address a significant gap in the financial services requirements of various sectors in India.