Telecom company Reliance Jio has launched a new service for its users. Through this service, users will now be able to make UPI payments. This service can be used through the company’s official app My Jio App. This information has been obtained through a report. According to the report, Reliance Jio is the first such telecom company in the country to offer UPI payment service to users on its platform. The company has given this service in the MyJio app instead of JioMoney. It is also mentioned in the report that initially only a few users will be able to use this service.
Jio users will have to create a new UPI ID to use the UPI payment service. Users can create this ID through the My Jio app. This ID will end with @Jio. After the ID is created, the users have to verify their bank details. After this the UPI PIN has to be generated. After this, you will be able to pay.
Jio UPI’s entry in the market will be seen giving a tough competition to the already existing Google Pay, PhonePe and Paytm. Let us tell you that WhatsApp had also talked to Jio for its payment service. However, WhatsApp has not been able to get a green signal for this service from NPCI at the moment.
Earlier it was reported that Reliance Jio has become India’s largest telecom operator company, leaving behind Airtel and Vodafone. This company added 5.6 million users in the month of November, after which the total userbase of the company increased to 369.93 million i.e. 36.9 crore. At the same time, the share of Jio company in the Indian mobile services market was 32.04 percent. This information is given by the Telecom Regulatory Authority of India TRAI. In such a situation, now Reliance Jio company has become a bigger company than Vodafone and Airtel.