Jio Payment Solutions gets RBI greenlight for online payment aggregation

Jio Payment Solutions Limited (JPSL), a subsidiary of Jio Financial Services (JFS), announced on Tuesday (October 29) that it has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

The authorisation, effective from October 28, 2024, permits JPSL to handle digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007.