Jio UPI Payments: After creating history in the telecom sector, Mukesh Ambani is now planning to enter the UPI sector soon. Due to Jio’s entry into this segment, PhonePe and Paytm are going to get a big competition. Jio gained customers in the telecom sector by providing free data and calling facilities and later captured the market.

According to the news of ET Now, Jio is planning to launch Soundbox in the market soon. Jio has started selling Soundbox at retail outlets. This will directly compete with Paytm Soundbox.

Paytm crisis can be beneficial

Soundbox will soon be added to Mukesh Ambani’s Jio Pay app. According to the report of ET Now, the trial of Soundbox has also started from Jio. At present, many apps are already available in this segment. At present, Mukesh Ambani may get the benefit of the big action taken by RBI against Paytm.

Customers can get attractive off

Mukesh Ambani can also give many attractive offers to the customers to capture the UPI market. Due to this plan of Jio, the concern of other companies is increasing a lot. Jio can easily take advantage of the ban imposed on Paytm.

Flipkart is also providing facility

At present Phone Pay, Google Pay, Amazon Pay and Paytm app are available in the market. At the same time, recently Flipkart has also started the facility of UPI service in the market. Flipkart has started UPI facility in collaboration with Axis Bank. The company has launched UPI handle (@fkaxis). At present it is available only for Android users.

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