Jio BHIM UPI launched on MyJio app for all users. Create your Jio UPI ID for money transfer, online payments and more.
Jio keeps introducing new features for its subscribers. The telecom operator has made available a host of features available for the users via the MyJio app. Jio introduced UPI feature for its app users some time back. Now, the service is available for all users with amazing offers as well. With Jio BHIM UPI Offers, you can save on grocery, fashion and more.
Jio UPI will compete with the existing players such as Paytm, Google Pay, and PhonePe. Jio already has a Jio Money digital wallet app. To know more about how to create your UPI ID and the offers that you can avail keep reading ...
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The feature was made available for select users at the time of launch. Now, Jio BHIM UPI is available for all users. You can also register on MyJio app and starting payments using your Jio UPI ID.
With the launch of this service, Jio users can create a virtual payment address with UPI handle @jio. Users will need to enter their debit card details and bank account number.
Jio UPI feature will be available alongside existing services such as JioSaavn, JioCinema, and JioTV etc.
With Jio UPI, users can send and receive payments on MyJio app.
Click on the UPI banner on MyJio app
Enter your mobile number
Confirm your bank details
Choose your VPA with Jio UPI handle
Enter debit card details
You are ready to send and receive money using Jio UPI
The company has not announced any offer so far. Similar to other UPI based payment apps, Jio is also expected to come with cashback offers soon. The company may also come with a referral offer for UPI users.
The UPI feature on Jio will work similarly to other apps such as Paytm, PhonePe, Google Pay, and Freecharge among others. As per the Telecom Regulatory Authority of India (TRAI), the telecom operator has over 36.9 crore mobile subscribers as of November last year.
Jio has introduced UPI offers on Ajio, Zomato, and Jiomart. You can pay using Jio ID and at the time of check out.
Currently, Paytm is the market leader in UPI transactions. It is followed by Google Pay and PhonePe at second and third spot respectively. With such a huge subscriber base, Jio is expected to occupy a top position in the UPI segment as well.
Frequently Asked Questions
How fast is a BHIM UPI transaction?
The transactions done using BHIM UPI are instant. You can send and receive money or make payment at online merchants within seconds.
What is a VPA?
It is a unique identifier assigned to your bank account by the UPI apps. You need UPI PIN to complete transactions using your VPA.
What are the transaction limits in BHIM UPI?
The fund transfer limit is set at Rs. 20,000 per transaction and a maximum of Rs. 40,000 in 24-hours.