Reliance Jio is the latest tech company to join the UPI bandwagon.
India's largest telecom operator has rolled out a UPI payments facility for select users. This feature is available within the MyJio app, and can be obtained through an update.
However, unlike other UPI-led apps, users cannot utilise their existing UPI ids and will, instead, have to create a new Jio UPI id.
Interestingly, the MyJio app also allows "hassle-free payments" through Paytm, PhonePe, JioMoney, and the recently launched JioAutoPay (for recurring payments).
A Reliance Industries spokesperson YourStory reached out to was tight-lipped about the UPI rollout. "No comment on this," she said.
The facility is expected to launch widely by the end of 2020. At present, Jio network has more than 370 million subscribers, the highest in India.
Jio's entry into this space comes at a time when UPI transactions in India are peaking. In December 2019, the platform recorded 1.31 billion transactions, registering a seven percent growth over November.
The total value of transactions also increased to reach Rs 2.02 lakh crore.