Jio Payment Solutions Launches Cross-Border Payments to Connect Exporters With Global Markets

Jio Payment Solutions has launched cross-border payments, letting Indian exporters collect global payments via virtual accounts.

Updated: 10 Sept 2026 • 10:15 am

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Jio Payment Solutions Launches Cross-Border Payments to Connect Exporters With Global Markets

Quick Answer

Jio Payment Solutions cross-border payments allow Indian exporters to accept international payments through multi-currency virtual accounts, international cards and local payment rails, following RBI authorisation for JPSL to operate as a Payment Aggregator for Cross-Border transactions. The Jio Payment Solutions cross-border payments offering is built in partnership with Citi for Authorised Dealer Category-1 and export collection account services, and the company says its solutions currently cover around 50 percent of India's total export footprint, with transparent pricing and T+2 settlement for merchants.

Jio Financial Services' payments arm is expanding beyond domestic transactions into the infrastructure that lets Indian businesses collect money from customers abroad.

Here is what the new Jio Payment Solutions cross-border payments offering includes and who it partners with.

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Table of Contents

What the New Service Covers

Jio Payment Solutions cross-border payments enable exporters to collect international payments through multi-currency virtual accounts, international cards and local payment rails, following RBI's authorisation for JPSL to operate as a Payment Aggregator for Cross-Border (PA-CB) transactions covering both exports and imports.

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The Citi Partnership Behind the Offering

JPSL has partnered with Citi for Authorised Dealer Category-1 and export collection account services, leveraging Citi's global clearing network and automated compliance capabilities. Mridula Iyer, Asia South Head of Services at Citi, said enabling ease of cross-border trade for Indian merchants selling overseas is a key priority for Citi India, a partnership central to how Jio Payment Solutions cross-border payments will scale.

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FAQs

What are Jio Payment Solutions cross-border payments?

Ans. They are a new service from Jio Payment Solutions Limited that lets Indian exporters accept international payments via virtual accounts, cards and local payment rails.

What RBI authorisation enabled this launch?

Ans. JPSL received authorisation from the RBI to operate as a Payment Aggregator for Cross-Border (PA-CB) transactions covering exports and imports, clearing the way for Jio Payment Solutions cross-border payments.

Which bank is JPSL partnering with for this service?

Ans. JPSL has partnered with Citi for Authorised Dealer Category-1 and export collection account services supporting Jio Payment Solutions cross-border payments.

What share of India's export footprint does JPSL claim to cover?

Ans. The company said its cross-border payments solution currently covers around 50 percent of India's total export footprint.

What settlement timeline does JPSL offer merchants?

Ans. JPSL said its cross-border solution offers transparent pricing and T+2 settlement for merchants.

What payment methods can exporters use to collect international payments?

Ans. Exporters can use multi-currency virtual accounts, international cards and local payment rails through Jio Payment Solutions cross-border payments.