Jio Financial Services, the newest addition to the growing empire of Reliance Industries Ltd, has been capitalised with a net worth of Rs 1.2 lakh crore to create one of the world’s highest capitalised financial services platforms at inception, chairman Mukesh Ambani said on Monday. Speaking at company’s annual general meeting, he said JFS will consolidate its payments infrastructure with a ubiquitous offering for both consumers and merchants, further driving digital payment adoption for India.
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