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Jio Payments Bank Limited is a 77:23 partnership between Reliance Industries and the State Bank of India. [1] On 10-November-2016, it registered as a public limited company to set up a payments bank. On 03-April-2018, Jio Payments Bank became the sixth payment bank to commence operations in India. [2]
Jio blamed its competitors Airtel and Vodafone for spreading rumours of "Reliance being an undue beneficiary in the farm bills", an allegation both the companies denied. [120] The company saw a loss of around 25 lakh (2.5 million) subscribers in Punjab and Haryana between November and December 2020.
Telecommunications billing is the group of processes of communications service providers that are responsible to collect consumption data, calculate charging and billing information, produce bills to customers, process their payments and manage debt collection. [1] [2]
There are 4 pay-for-use DTH service providers and one free-to-air service provider (DD Free Dish) in India. [1]As of 30 September 2024, there are 59.91 million active DTH subscribers, in addition to the subscribers of state-owned DD Free Dish, in the country according to Telecom Regulatory Authority of India (TRAI).
Jio Financial Services Ltd (JFSL) is an Indian financial services company, based in Mumbai. Originally a subsidiary of Reliance Industries (RIL), it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023. [ 3 ]
NPCI with Jio introduced UPI AutoPay for prepaid and postpaid mobile subscribers from 6 January 2022. [160] Tata Mutual Fund with CAMSPay enabled UPI AutoPay feature for Systematic Investment Plan (SIP) from July 2022. [161] Google Play started supporting UPI AutoPay for subscription services from 15 November 2022. [162]
Bharti Airtel will get an additional 178.5 MHz of spectrum in three bands—1800 MHz, 2100 MHz and 850 MHz—that are widely used for 4G, an area where Airtel is expanding fast to keep pace with Reliance Jio Infocomm. Airtel will also add about 13 million of Tata Tele's mobile subscribers as of April 2019 to its nearly 322 million users.
Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR.It started off as a prepaid mobile and DTH recharge platform, and later added debit card, postpaid mobile and landline bill payments in 2013.