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- Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator r391m
The approval is effective October 28. 4wj15
By Reuters | Updated: 29 October 2024 15:06 IST
Photo Credit: Reuters 3v6d2p
Jio Financial was spun out of the Ambani-led Reliance Group last year
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India's Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
A payment aggregator is a third-party service provider that enables customers to make and businesses to accept payments online. Payment aggregators enable their clients to accept various payment methods such as debit cards, credit cards, cardless easy monthly installments, United Payments Interface transfers, bank transfers, e-wallets, and e-mandates.
The approval is effective October 28.
Jio Financial was spun out of the Ambani-led Reliance Group last year.
© Thomson Reuters 2024
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Further reading: RBI
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