Reliance Jio becomes the 1st telecom operator to facilitate UPI payments feature through its platform. It has launched the feature on the MyJio app rather than its wallet app, JioMoney. This Reliance Jio will now compete with other private UPI payment providers such as Paytm, Google Pay and PhonePe. The users cannot use their existing UPI ids to avail this service. Instead, they will have to create a new JIO UPI Id.
Important takeaways for all competitive exams:
- Reliance Industries Ltd Founder: Dhirubhai Hirachand Ambani.
- Reliance Industries Ltd Chief Executive Officer(CEO): Mukesh Dhirubhai Ambani.
- Reliance Industries Ltd Headquarters: Mumbai, Maharashtra.