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India's largest private sector company forays into payments

Payments industry is full of new product launches and startups these days. Why should the monoliths be left behind. Reliance (Mukesh Ambani wing) is going to launch payments services. They got a semi-closed prepaid services license from regulator in India. What is important to note is that Jio is the same venture which is bringing VoLTE (4G) services in a big way in India. Given their financial muscle, they are expected to make a big splash in the telecom market. Combining Value added service like payments makes a lot of sense for them. ...

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