n The new balance checking option is a free facility to help Jio users to monitor multiple SIMS in one view, get alerts of low balance and imminent expiry and monitor data usage
(Delhi, 9th June, 2017) — True Balance, India’s leading mobile balance management service app has just launched a new feature of balance checking on its platform for Jio users. The mobile balance service provider is the first in the industry to introduce this facility for all users looking at managing their data consumption for their Jio accounts.
With Jio being a paid service from April 1 this year, it has now become imperative for Jio users to keep a track of their Jio SIM data usage. While calls are free on Reliance Jio, users’ balance is now going to be used to pay for chosen data plans, and of course, excess data consumption..To make balance tracking simple for users, True Balance has introduced a balance check option which will enable users to make the most out of their Reliance Jio 4G SIM without much hassle.
According to recent reports, 95.2 per cent of Jio users have dual-SIM handsets, suggesting they might be on another operator’s network too. This is where True Balance comes into play as it also helps monitor multiple SIMS in one view helping users to manage their mobile spends wisely. Apart from balance checking and recharge options the app’s main USP is thealarm screen, which causes an alert when the user hits certain points in data usage. Data often depletes, because unknown apps in the background, keep updating, sucking away the data users have paid for. True Balance helps alert users to such leakage
Speaking on the new feature addition, Mr. Charlie Lee, CEO, True Balance said ” Whether you're a Jio Prime user or not, checking mobile balance is going to be important for all users.Jio provides unlimited data but it has a limit of daily data use. For example, a user who purchase Rs309. combo pack can only use 1GB per day . So it is important for users to keep a track on their mobile spends and check their remaining data balance . We have also introduced first kind utilizing SMS based technology for balance checking which is free and does not require any data connection .
The app also introduced a recharging feature for Jio users earlier this month which facilitates easy phone bill payments for users at the click of a button. . The app which is currently providing recharging options for telecom players including Vodafone, Aircel, Airtel, Idea, BSNL, Reliance, Tata Docomo, Telenor(Uninor), had recently received a strong demand in the market for the introduction of Jio recharge feature driven primarily due to the telecom player’s recent expansion in the marketshare in India.
True Balance who raised Rs 100 crore in Series B round of funding from renowned VCs are focusing on enhancing the platform’s features. Launched in 2014, True Balance has been providing various features around managing phone bills to pre paid users in India and allows users to know how much data has been consumed, how much money is left and how many days for the next recharge with just a swipe . Focussing on the increasing trend of smartphone users in India, the app has seen an exponential user growth in a short period of time thanks to its user-centered UI, attractive in-app design, and ease of use. The platform aims to have 100 million users in India in 2017 by adding various recharging features including Wallet point recharging and friend recharging.
True Balance app is currently available for pre paid users on Android only.
About ‘True Balance’
True Balance is an application that Balance Hero launched in India in 2014. In India, 95% of 1 billion in the population uses pre-paid mobile plan, and it was developed with an idea for necessity in checking the balance and re-charging. True Balance has shifted balance notifications from text to infographics and made it continent for users to easily check the balance, purchase pre-paid account, re-charge amount, and trace data usage. As of July 2016(in just 19 months from first release), 10 million downloaded the application and by February 2017, the number doubled, with still a steep curve for increasing in popularity. In 2016, it was selected as App Starter Kit(collection of mostly used apps in a country) in the Google Play Store and has ranked No. 1 in lifestyle category.
True Balance is under a process of patenting its automatic engine technology for comprehending text messages, in Korea and India. This technology will be directly applied to users signed under plans from 9 telecom companies in 22 telco circles in India, and remaining balance can be checked in real-time even without the phone being connected to data service, in consideration for low connectivity in the country.
About Balance Hero
Balance Hero is a startup founded in 2014 by Cheol-won Lee who led Wider Than and Access Mobile. In 2014, the company launched True Balance, an app that allows users to check their call expenses and data balance and successfully completed the Series A and Series B funding rounds in 2016 as its growth potential was recognized. Beginning with providing a solution to efficiently manage mobile usage in low-bandwidth countries such as India, the company is committed to creating a world where users can communicate freely with each other at a reasonable cost.