Jio Payment Solutions launches cross-border payments to connect exporters with global markets
Jio Payment Solutions Limited has launched a cross-border payment platform to assist Indian exporters in managing international transactions. The service aims to simplify global collections by removing the need for complex banking processes like SWIFT.
Why it matters
This initiative supports the growth of Indian digital businesses and freelancers by reducing friction in international trade and currency reconciliation.
Jio Payment Solutions Limited (JPSL), a wholly-owned subsidiary of Jio Financial Services, on Wednesday (September 9, 2026) announced the launch of its cross-border payment platform to help Indian exporters accept international payments from global customers and boost their global competitiveness.
Through Jio Payment Solutions Limited’s (JPSL) new facility, domestic exporters can accept international payments via virtual accounts, international cards, and local payment rails.
The launch follows the receipt of authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for Cross-Border (PA-CB) transactions, covering exports and imports, JPSL said in a statement.
As more Indian businesses, including online sellers, digital businesses, freelancers, creators, and SaaS companies, scale globally, collecting international payments remains a fragmented and complex process, it said.
It often involves multiple partners, different currencies, endless paperwork, and manual reconciliation.
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