Jio Payments Bank

0 standards supported

Overview

Jio Payments Bank is Indian payments bank + Reliance Industries Jio + SBI 70:30 JV + RBI Payments Bank license ^{1, India report}.

History

Aug 2015 — RBI grants in-principle Payments Bank licenses to 11 entities including Reliance Industries.

Apr 3 2018 — Jio Payments Bank launched as Indian payments bank distinctive Indian payments banking heritage.

Ownership & operator

Operating entity: Jio Payments Bank Limited (Indian payments bank; Reliance + SBI JV).

Major shareholders: Reliance Industries Limited / Reliance Jio Financial Services (BSE: 543940 + NSE: JIOFIN; Reliance Industries Indian conglomerate; Mukesh Ambani controlling) ~70% controlling + State Bank of India SBI (BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) ~30%.

Regulators: RBI.

Technical integration

MyJio mobile app (iOS + Android) + jiopaymentsbank.com online + Jio Payments Bank Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay + Aadhaar-Enabled Payment System AePS; max balance Rs 2 lakh per customer under Payments Bank framework.

Implementations & partners

Reliance Jio parent: Reliance Jio (Jio Reliance Jio Indian telecom group; ~480M+ Indian wireless subscribers) + Jio Financial Services (Jio Financial Services; BSE: 543940 + NSE: JIOFIN; Reliance financial services).

SBI parent partner: SBI YONO (State Bank of India) (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets).

Major Indian payments bank + payments competitors: Airtel Payments Bank (Airtel Payments Bank; India's #1 Payments Bank by customers + India's first Payments Bank; ~70M+ Indian customers) + Paytm Payments Bank (Paytm Payments Bank; Mar 15 2024 RBI operational shutdown for non-compliance) + India Post Payments Bank (IPPB) (India Post Payments Bank IPPB; ~90M+ IPPB customers + ~150,000+ India Post + Department of Posts retail outlets nationwide) + Fino Payments Bank (Fino Payments Bank; BSE: 543386 + NSE: FINOPB; ~14M+ Indian customers) + NSDL Payments Bank (NSDL Payments Bank; NSDL Indian depository payments bank) + PhonePe (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + Google Pay (Google Pay India; India's #2 UPI wallet by transactions) + Paytm (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet) + Amazon Pay (India) (Amazon Pay India; Indian wallet by Amazon).

Regulator: RBI.

Status

Active, Indian payments bank + Reliance Industries Jio + SBI 70:30 JV + RBI Payments Bank license ^{1, 2}.

Sources

1 Jio Payments Bank — official
2 Jio Payments Bank — Wikipedia
^{India report} In-corpus: reports/countries/IN-india.md

Source

Biography extracted from jio-payments-bank.md. See matrix.md for standards-support matrix if present.