New Delhi: Jio Payment Solutions has received the green signal from RBI to operate as online payment aggregator. Jio Payment Solutions Limited (JPSL), the Jio Financial Services owned subsidiary, on Tuesday informed the stock exchanges that it has got the formal letter from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
The certificate of authorization, effective from October 28, 2024, permits JPSL to manage digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007. Meanwhile, Jio Financial Services Ltd share price jumped over 2 per cent to Rs 324.70 at 12:24 pm.
Jio Financial Services Q2 Results 2024-25
In its second quarter results of 2024-25, Jio Financial Services Ltd registered a marginal 3 per cent rise net profit to Rs 689 crore as against Rs 668 crore in the same quarter in 2023-24. The company reported its total income rose to Rs 694 crore as against Rs 608 crore in the July-September quarter a year ago. The total expenses jumped to Rs 146 crore as against Rs 71 crore in the same period in the previous financial year.
Jio Payment Solutions has received the green signal from RBI to operate as online payment aggregator. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today