Jio Financial Services set to disrupt insurance, payments, and asset management businesses in India
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Reliance’s newest entity Jio Financial Services (JFS) will have products in the payments and insurance segments in India besides being in the asset management business, Reliance chairman Mukesh Ambani said during the 46th annual general meeting (AGM) of the company on Monday. “In payments, JFS will consolidate its payment infrastructure with a ubiquitous offering for both consumers and merchants, further driving digital adoption,” said Ambani,