Jio UPI Payments Being Enabled for Select s Through MyJio App 3m37r Report

The new offering is limited to select Jio s, though. 1g3i60

By Jagmeet Singh | Updated: 20 January 2020 17:45 IST

Jio UPI Payments Being Enabled for Select s Through MyJio App: Report

Jio reportedly was in talks banks such as Axis Bank, ICICI Bank, and SBI to enable UPI payments 441s4d

Highlights

Jio s need to sign up by providing their bank details
MyJio app is seen to have a dedicated UPI payments option
Jio leads telecom sector with over 36.9 crores mobile subscribers

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Jio has brought UPI payments to the MyJio app for select s, according to a media report. The new development is aimed to counter the likes of Google Pay and WhatsApp that have enabled UPI payments for the masses. The telco is said to have added the UPI option on its MyJio app and is reportedly providing those s with a virtual payment address (VPA) carrying UPI handle @Jio. Jio was earlier in the reports for discussing with banks such as Axis Bank, ICICI Bank, and SBI to facilitate UPI payments through its platform.

The MyJio app shows the UPI payments option for select s, reports Entrackr. As per the screenshots shared by the website, the new option is available alongside access to existing services such as JioSaavn, JioCinema, and JioEngage among others.

Upon successfully g up, s are said to receive a VPA with UPI handle @Jio. The app is also seen to ask s to choose from their bank s which they want to link with their UPI ID. Further, it is said that s are required to enter their mobile number, debit card number attached with the bank number for generating a UPI PIN that they'll be able to use for future transactions.

The g up process for UPI payments on the MyJio app looks similar to what we already have on platforms such as Google Pay, Paytm, and WhatsApp.

Gadgets 360 wasn't able to independently the update. A query sent to Jio didn't elicit a response at the time of publishing this story.

The reported move by Jio would boost UPI payments in India. According to the National Payment Corporation of India (NPCI), more than 1.3 billion transactions worth over Rs. 2 trillion (precisely, Rs 2,02,506 crore) were ed through UPI in December alone. Jio presently leads the telecom sector in the country with over 36.9 crores mobile subscribers as of November last year, as per the data shared by the Telecom Regulatory Authority of India (TRAI).

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