Reliance Jio introduces UPI-based payments solution into its app

Tuesday 21 January 2020 13:19 CET | News

India-based telco Reliance Jio has entered into digital payments introducing UPI-based payments solution in its My Jio app.
Fraud Prevention and Online Authentication Report 2019/2020Fraud Prevention and Online Authentication Report 2019/2020

The feature is now only available to select users, however, a wider rollout will likely happen soon. Jio already has a payment wallet service in JioMoney app.

Users will see a UPI option just below the search bar in MyJio app. A virtual payment address (VPA) with UPI handle @jio will be created after the sign-up process is successful. It will require users to enter their mobile number, debit card details and link a bank account number. Users will require these to generate a UPI PIN for authenticating the transactions.

According to the company, Jio is the first telecom operator to offer a mobile wallet with UPI payments, and second among payments bank service providers to offer so.

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Keywords: Reliance Jio, Telecom, UPI, JioMoney
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce