Reliance Industries Ltd (RIL) is working on its payments bank services and is reportedly testing it among its employees before a formal launch, Mint reported.
RIL began the beta launch of Jio Payments Bank services among its employees as it will allow the company to test its network and infrastructure and fix any loopholes in the process, the report said citing two executives aware of the matter.
The company did a similar run through with Reliance Jio before its formal launch, three years ago.
Jio Payments Bank, a 70:30 venture between RIL and State Bank of India, was formed in April 2018 and is one of the eight licensed entities to operate payments bank in the country, the report added.
Disclosure:
RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
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