AI-powered fintech platform jUMPP has received approval from the National Payments Corporation of India (NPCI) as a Third Party Application Provider (TPAP), allowing it to offer UPI services on its platform.<\/p>\n
The development comes about a month after jUMPP secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance products.<\/p>\n
Founded by Sarvjeet Singh Virk, jUMPP currently offers investment products such as digital gold, mutual funds, and SIPs. With the addition of UPI, users will be able to make peer-to-peer transfers, merchant payments, bill payments, and mobile recharges through the app.<\/p>\n
The startup has partnered with YES Bank for banking and Bharat Bill Payment System (BBPS) services. It also uses the Account Aggregator framework to provide users with a consolidated view of their financial accounts.<\/p>\n
The company is focused on users in Tier II and Tier III cities and has expanded its product suite with the addition of UPI services.<\/p>\n
Disclaimer:<\/p>\n
Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"AI-powered fintech platform jUMPP has received approval from the National Payments Corporation of India (NPCI) as a Third…\n","protected":false},"author":2,"featured_media":753183,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[49,48,190,61],"class_list":["post-753182","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-ca","tag-canada","tag-mobile","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/753182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=753182"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/753182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/753183"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=753182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=753182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=753182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}