Today’s dig is on digital payment app Jio Pay which reliance Jio has reportedly started. But for now, it is available only on original Jio phones. It is limited to a certain number of users with no further updates of widely rolling out. It has been reported that the telco was working with the National payments corporation of India for the Jio Pay app and was reaching out to Jio phone users. According to the BGR, Jio Pay was internally tested for more than a year before rolling out publicly to the users.
The announcement took place on 15th August with this new feature. The announcement came along with three new images that can give you a pinch of hint about the Jio Pay feature.
According to BGR, images show that it has been built on a tokenization system of features like Tap & pay, send money and recharge, and accounts along with payment history. Images have been provided rather than screenshot because JioPhone devices don’t have the function. Jio Pay will be appearing with UPI based payments and built-in NFC on the JioPhone that helps to enable the tap and pay feature.
What else activity of Jio Pay has been updated?
Jio Pay has brought Axis Bank, ICIC Bank, HDFC Bank, Kotak Mahindra Bank, RBL Bank, IndusInd, Standard Charted, Yes Bank, and the State Bank of India on board. You can use both credit cards and debit cards for further transactions. Jio Recharge option will help you to add multiple bank accounts with zero issues.
The UPI payment transaction system of JioPay has reportedly reworked by Telco for its KaiOS operating system. It is termed the NPCI library for displaying UPI pin screens that help users to enter for their transactions.
Let’s wait till it rolls out to JioPhone 2. The official announcement of the service will be made in the coming days. Hope to see JioPay service on more platforms.