Jio Financial's payments arm turns around: TPV up 2.5x, deposits jump 72% in Q1 FY27
Reliance Group's fintech posted a payments turnaround with merchant TPV at ₹19,208 crore (2.5x YoY) and gross fee income up 6.4x to ₹176 crore. Payments Bank deposits rose 72% to ₹617 crore with 3.9M CASA accounts and a 527,037-touchpoint BC network. Group PAT hit ₹830 crore, up 156%.
Jio Financial's payments arms turned around in Q1 FY27, with merchant TPV up 2.5x and payments bank deposits rising 72%. The Reliance Group fintech expanded its BC network and launched cross-border settlement, part of broad ecosystem growth including UPI/toll payments.