Jio Payment Solutions launches cross-border payments for Indian exporters

•Jio Payment Solutions launched cross-border payments for Indian exporters, enabling them to accept international payments through virtual accounts and local payment rails.

•The service follows RBI authorisation and will cater to businesses, including online sellers, freelancers, and SaaS companies, covering 50% of India's total export footprint.

•Merchants can quote prices in local currencies, collect payments, and onboard digitally through a real-time dashboard, with T+2 settlement and no rolling reserve.

•Jio Payment Solutions partnered with Citi for international payment collection, automated compliance checks, and settlement services through Citi's global clearing network.