Jio’s fintech ambitions pose a potential threat to startups over the long term.
Long-term, the financial resources available to JFS, its ability to execute at scale, and the reach provided by other RIL Group companies might be formidable and threaten fintechs’ market share. The potential that Reliance Group sees in the Indian fintech business is also demonstrated by this. Jio Financial Services (JFS), according to Reliance Industries Ltd. … Read more