For the month of September, Reliance Jio leads the pack with 18.433 mbps.
Jio Payments Bank will be a 70:30 joint venture between Mukesh Ambani-owned Reliance Industries Ltd (RIL) and State Bank of India (SBI).
It seems Airtel hasn't listed the Rs 495 plan for the Delhi NCR area yet, but it is available in key places like Mumbai and Chennai. The operation of the Jio Payments Bank is scheduled to begin by December 2017.
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RBI wanted to be sure that the payments bank is fully compliant with all the regulations and is able to service its customers efficiently.
It was initially planned to launch when the JioPhone deliveries were going to start in this month, however, the JioPhone deliveries started since last month but the Payments Bank was not launched.
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The JioPhone 4G Features Phone has received 6 million bookings as of now. Several reports surfacing the web has confirmed that JioFiber is in its testing stage now and the company is working rigorously on delivering a on high-speed broadband services to its customers. The Jio bank will also starts its operations from December month. Reliance Jio, on the other hand, boasts a user base of around 129 Mn, as per a report by the Cellular Operators Association of India (COAI). The Reliance Jio is likely to establish the branches in small villages also.
This bit of information about the Jio Payment bank has been revealed to Livemint by sources who are well aware of the plans.
"For SBI, Jio Payments Bank will operate as a business correspondent". In exchange, Reliance Jio will have access to SBI's wide customer base across the country. Since October, more than 6 Mn Jio Phones have been booked for delivery. Earlier this year, Airtel announced its Payments Bank service for digital payments. The payments and transactions are mainly being made using through debit cards/credit cards by the customers.
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Even as non-cash retail payments growth has decelerated from the highs it touched during the demonetization phase, the volume of digital transactions continues to show an upward trend. The Reliance Jio's JioMoney App to deal with the transactions like payment of bills, mobile recharge etc purposes. Having started its operations in September past year, Reliance Jio had about 129 million customers as of 31 August, according to a report by Cellular Operators Association of India (COAI).