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Showing posts with label jiomoney. Show all posts
Showing posts with label jiomoney. Show all posts

Thursday, 5 April 2018

11:54

Jio Announced Launching Jio Payment Bank on March 14th 2018

Jio Announced Launching Jio Payment Bank on March 14th 2018 

Jio Payments Bank App – Jio Launching JIO Payments Bank. So users can Create or Open Savings Accounts with eKyc Verification Online and Can Transfer Money from Jio Money app to Jio Payments bank accounts. Users also Get Jio Bank Debit/ ATM Card to get cash from ATM’s. Scroll Down to get More detailed data about Jio Bank. Stay tuned for Launch Date, Interest rates.

Jio Payments Bank App – Open/ Create Savings Account, eKyc Verification, Money Transfer
Hi Friends, Have you heard the Latest News From Jio?. Ok Fine. Jio Announced that Launching Jio Payments Bank From March 14th 2018. JIO Money Wallet will shut down and those Money will be transferred to Payments bank Account. why because Under RBI Guidelines, For Every Money wallet should verify users KYC Documents. For those Purpose jio Closes their JIO Money Wallet Services and Opening JIO Payments Bank Accounts like Paytm Bank Account, Airtel Payments bank, Aditya birla’s NSDL Payments bank & Fino Accounts.

Jio Payments Bank Limited has commenced operations as a payments bank with effect from April 3, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.


Reliance Industries Limited, Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.

Sunday, 23 August 2015

11:06

Payments bank license to promote massive digital transactions: Mukesh Ambani

Payments bank license to promote massive digital transactions: Mukesh Ambani

Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Friday said the payments bank license issued to its joint venture with the State Bank of India (SBI) will promote massive adoption of digital transactions with low cost access.

"The payments bank is integral to RIL's digital initiative in a rapidly converging world of telecom, internet, commerce, media and financial services. This is one of our many initiatives to contribute meaningfully to the government of India's ambitious Digital India programme," said Ambani in a statement.

RIL said the payments bank will function in conjunction with JioMoney, a prepaid payment instrument of Reliance Jio, to facilitate cashless payments across multiple-use cases and build India's largest digital merchant network.

RIL and SBI applied for payments bank license in which RIL is the promoter and SBI the joint venture partner with an equity investment of up to 30 percent.

SBI chairman Arundhati Bhattacharya said the partnership is the "first-of-its-kind public private partnership (PPP) to make India's financial services digitally smart".

"SBI's vast experience in structuring financial products for different customer segments will be combined with the digital access provided by RIL in completing the most efficient, simple and affordable delivery model with utmost focus on financial inclusion," the statement cited her as saying.

On Wednesday, the Reserve Bank of India granted payments banks license to 11 entities - Aditya Birla Nuvo, Airtel M Commerce Services, Cholamandalam Distribution Services, Department of Posts, Fino PayTech, National Securities Depository Ltd, RIL, Dilip Shantilal Shangvi of Sun Pharma (who applied in personal capacity), Vijay Sekhar Sharma, Tech Mahindra and Vodafone M-Pesa - saying these had the reach and technological and financial strength to serve the numerous excluded customers across the nation.