New feature in My Jio to compete with Google Pay and PhonePay
New feature in My Jio to compete with Google Pay and PhonePay
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After launching Jio Mart, Reliance Jio has now entered the Unified Payment Interface (UPI). Apart from this, there is news that Reliance Jio has supported the UPI payment in My Jio app, at present, only a few consumers are getting this feature. According to entracker's report, the option to add a virtual payment address (VPA) and UPI ID is available in My Jio app. The same had come before that a report said that Reliance Jio is talking to Axis Bank, ICICI and State Bank of India for UPI payment.

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Apart from this, a user on Twitter has also shared a screenshot of the UPI payment feature of My Jio app. The same report states that My Jio app is also asking for the users' UPI IDs. After this, the consumer has to give a mobile number, debit card number and bank account. After signing the same, the My Jio app also looks like other UPI payment apps like Google Pay and PhoneP. Currently, Jio has not yet officially confirmed it. It is noteworthy that Reliance Industries Limited has declared the third quarter results.

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The company said that the consolidated net profit for the third quarter of 2019-20 was Rs 11,640 crore, which is 13.5% higher than the previous year. At the same time, Jio has also gained a bump in the third quarter. In its result, Reliance Industries Limited stated that as of 31 December, the number of subscribers of Jio has crossed the 37 million mark. In the last 12 months, Jio has added 13.57 million subscribers, while one crore 48 lakh new subscribers have been added in the last quarter.

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