Reliance Jio Likely to Add UPI Payment Apps Inside JioPhones

Reliance Jio is working with NPCI to increase the demand for UPI Apps Google Pay and Phone Pay in India

Reliance Jio is reportedly working with National Payments Corporation of India (NPCI) to bring UPI Apps on JioPhones. Jio has been working on the NPCI infrastructure even before the Facebook deal was finalised. It is expected that working with NPCI will bring UPI apps for all the JioPhone users out there. Also, the move by Jio will encourage people for online payments and broaden the reach of Digital PaymentS in India. Though the work is happening for a long time, the final time of the rollout is still under darkness.

NPCI is Looking to Expand UPI Platforms

National Payment Corporation of India (NPCI) which looks out the working of UPI apps is looking to expand the reach of UPI apps in India. Since the government has imposed a lockdown period to combat the deadly COVID-19, the reach and demand of UPI Apps have taken hit. This is the first drop in the monthly value of UPI Apps. Since Jio has already started working on the NPCI Infrastructure, it is expected that the reach of popular Apps PhonePe and Google Pay will increase. Also, after the Facebook-Jio deal, UPI users will increase as soon as the Facebook-owned app WhatsApp gets government nod for WhatsApp Pay. The news of Reliance Jio working with NPCI was first reported by ET Telecom.

Jio Will Create Separate NPCI Structure for its Phones

Since JioPhones run on KaiOS which is different from Android and iOS operating system, Jio is working a separate NPCI library which will bring the payment screen where the users will put password after starting a transaction. As reported by ET Telecom, the UPI network and payment apps will intrigue the stakeholders.

Vista Invests Rs 11,367 Crore in Jio Platforms

In other news, Vista has acquired 2.32 % in Jio platforms by investing Rs 11,367 Crore in Jio Platforms. After the deal, Vista has become the second-largest investor in Jio Platforms after Facebook. The investment by Vista marks Jio Platforms equity value at Rs 4.91 Lakh crore and an Enterprise Value of 5.16 Lakh crore. The CEO and Chairman of Vista, Robert F. Smith, states that Vista knows the impact that Reliance Jio can make in Indian Subscribers. He also stated that Vista is excited to aid Reliance Jio in making India a digital society.

Read more on:

Shrijan loves the process of creating content in various verticals, whether it be words, sounds or videos. He's also inclined towards digital marketing and tech industry developments. The art of creation always triggers his interest.

Subscribe
Notify of
guest
2 Comments
newest
oldest most voted
Inline Feedbacks
View all comments

Recent Posts

Oppo A95 Launched With a 4,310Ah Battery and Quad-Camera Setup

Oppo has expanded its smartphone lineup with the launch of its Oppo A94 5G phone in the European market. The...

Samsung Galaxy A32’s New Variant Receives Bluetooth SIG Certification

Earlier in January,  Samsung launched the Galaxy A32 5G’s launch in Germany. Only after a month and a half, the...

COAI Pushes for Complete Ban on Illegal Signal Repeaters: Report

The rising number of illegal repeaters and boosters in the country has forced the Cellular Operators Association of India (COAI)...