Reliance Jio Payments Bank

will you go for jio payments bank?


  • Total voters
    14

mhsabir

Xclusive
Regulars
Oct 7, 2006
19,739
2,587
Chennai
Except Airtel who started operations are functional to a certain level, I dont see anyone else making any real news.
 

Sushubh

Administrator
Oct 29, 2004
420,541
13,130
Gurugram
Source


there is a possibility that jio might open these accounts for everyone who got a sim using aadhaar as they might have already taken 'consent' in application forms.
 


Deb_1

[OP]
Regulars
Feb 8, 2017
126
20
hope their payments bank will be disruptive in the mobile payment sector.
 

Sushubh

Administrator
Oct 29, 2004
420,541
13,130
Gurugram
jiomoney already exists and it has failed to take on paytm. at least around here. though jiomoney has one major advantage. i have noticed that a lot of pos card machines have integrated support for jiomoney. so you can basically use jiomoney to pay at outlets which have these credit card machines. retailers as usual have no idea. i could not test it out personally because i do not have a jiomoney wallet.
 

Deb_1

[OP]
Regulars
Feb 8, 2017
126
20
they havent promoted jiomoney because jio payments bank will be their focus for mobile payments(integrating UPI & Bharat QR),Airtel provides 7.25% interest,chances are jio will also provide close to that value.Then it will be a game changer in Payment bank industry.also they have last mile reach,which is critical for payments bank penetration.
 
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