Jio Payment Solutions launches global collections for Indian exporters
Jio Payment Solutions has launched RBI-authorised cross-border collections for Indian exporters, offering multi-currency accounts, international card acceptance and local payment rails. Citi will provide authorised dealer and export collection account services.
What happened
Jio Payment Solutions launched RBI-authorised cross-border payment collections for Indian exporters, supporting multi-currency accounts, international cards and
Key facts
- 50% of India's total export footprint
- T+2 settlement
- Same-working-day FIRAeFIRA documentation
Why this matters
Jio’s partnership with Citi highlights a bank-led route to scaling cross-border payments and could create opportunities for alliances in FX, trade services, exporter software and global acquiring.
What to watch
- Published pricing, supported currencies, settlement times and whether Jio undercuts incumbent bank and fintech collection fees.
- Number of active exporters, monthly cross-border payment volume and concentration in marketplace sellers versus larger traditional exporters.
- Additional authorised-dealer, banking, FX or trade-finance partnerships beyond Citi.
- Launch of merchant credit, invoice financing, escrow, reconciliation or ERP integrations tied to exporter collections.
- RBI guidance or enforcement changes affecting payment aggregators, export collection accounts, KYC and foreign-exchange reporting.
- Evidence that Reliance's own suppliers, marketplace merchants or retail ecosystem participants are being migrated onto the platform.
- Target Shopify, Amazon, Etsy, SaaS, freelance and D2C exporters with simplified onboarding and corridor-specific pricing.
- Bundle export collections with JioPay merchant acceptance, reconciliation tools, GST/invoicing integrations and settlement dashboards.
- Use verified exporter cash-flow data to launch secured or receivables-linked working-capital products, likely with bank or NBFC partners.
- Expand from inbound collections into FX conversion, outward vendor payments and trade-service workflows where regulatory permissions allow.
- Leverage Reliance retail, logistics and telecom distribution to acquire MSME merchants outside major export hubs.