A recent news report says that Reliance Jio had been testing for its own payments app internally for a year and rolled out the feature for thousands of Jio Phone users on 15 August.
An exclusive report by BGR India said that the UPI-enabled 'Jio Pay' is now available to over a thousand 4G-enabled JioPhone users in the public testing phase and that the telco is getting ready for a wider rollout very soon.
The report also shared images of Jio Pay from a Jio Phone user in Mumbai and the telco is getting ready for a wider rollout very soon. The payments platform has a tokenization platform, and uses 'Tap and Pay' contactless payment through NFC in any NFC-enabled POS machine.
The BGR report said that as of now Jio has onboarded Axis, ICICI, HDFC, Standard Chartered, IndusInd, SBI, Kotak, YesBank, RBL Bank. It is also been said that both credit and debit cards (Mastercard and VISA) of these banks can be tokenized and used for payment.
There has been no official announcement made by Reliance Jio on the launch of Jio Pay.