Jio Financial ups stake in Jio Payments Bank to 82.17%, stock surges
JFS recently also incorporated a subsidiary, Jio Finance Platform and Service, for distribution of financial products and allied services
JFS recently also incorporated a subsidiary, Jio Finance Platform and Service, for distribution of financial products and allied services
JFS shares an intra-day high of ₹295.70, up 14%; while Paytm shares hit a 10% lower circuit
Facebook’s WhatsApp Pay is the latest player to enter India’s payments space, which already has Alphabet’s Google Pay, Walmart’s PhonePe, Amazon Pay, and Alibaba-backed Paytm.