Jio Payment Solutions Gets RBI's Online Payment Aggregator Licence

Oct 29, 2024 19:29

Jio Payment Solutions Limited (JPSL) has received an 'Online Payment Aggregator' licence from the RBI, allowing it to operate as a payment aggregator in India.

New Delhi, Oct 29 (PTI) Jio Financial Services Ltd on Tuesday said its subsidiary Jio Payment Solutions Limited (JPSL) has received an 'Online Payment Aggregator' licence from the RBI.

The Reserve Bank of India has granted a certificate of authorisation to JPSL to operate as an 'Online Payment Aggregator' under Section 7 of the Payment and Settlement Systems Act, 2007, with effect from October 28, 2024, Jio Financial Services said in a regulatory filing.

Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services.

Source: PTI

MORE NEWS

JSW Steel Production Up 5% in November

JSW Steel reports a 5% increase in crude steel production to 24.39 lakh tonnes in...

Stock Markets Tumble Amid Weak Cues, FII Outflows

Sensex and Nifty fell sharply amid weak global cues, FII outflows, and US Federal...

Telangana Secures ₹2.43 Lakh Cr Investment

Telangana inks ₹2.43 lakh crore investment deals at Global Summit. Trump Media,...

Punjab Invites Korean Firms for Investment

Punjab CM Bhagwant Mann invites Korean firms like Daewoo, GS E&C to invest in Punjab....

Odisha Assembly Passes Appropriation Bill

Odisha assembly passes Rs 17,440 crore appropriation bill for 2025-26. CM Majhi defends...

CTUIL Revokes Grid Access for 6.3 GW RE Projects

CTUIL revoked grid access for 6.3 GW renewable energy projects due to developer delays....

L&T Transfers Realty Business to L&T Realty...

Larsen & Toubro transfers its realty business to L&T Realty Properties Ltd. A phased...

Wakefit IPO Subscribed 15% on Day 1

Wakefit''s Rs 1,289-cr IPO saw 15% subscription on day 1. Retail investors showed...

Apple Fitness+ Launching in 28 New Countries

Apple Fitness+ expands to 28 new countries, including India, on December 15. Enjoy...

MSME Loan Risk: Over-Leveraged Borrowers

Report reveals sharp concentration risk in MSME loan portfolios due to over-leveraged...

Jio Payment Solutions Gets RBI's Online Payment Aggregator Licence

You May Like To Read

MORE NEWS