AI fintech platform jUMPP receives NPCI approval to offer UPI services
jUMPP has partnered with YES Bank for banking services and Bharat Bill Payment System (BBPS) integrations to enable this integration.
AI-driven fintech platform jUMPP has received approval from the National Payments Corporation of India (NPCI) to operate as a Third Party Application Provider (TPAP), allowing it to offer Unified Payments Interface (UPI)-based payment services through its application.
The approval enables jUMPP users to access digital payment features, including peer-to-peer money transfers, merchant payments, utility bill payments, and mobile recharges directly through the platform.
The development comes shortly after the startup received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance products, further expanding its financial services offerings.
Founded by Sarvjeet Singh Virk, jUMPP currently provides investment solutions such as digital gold, mutual funds, and systematic investment plans (SIPs). With the addition of UPI services, the platform aims to build a broader financial ecosystem combining payments, investments, insurance, and other digital financial products.
To enable its payment infrastructure, jUMPP has partnered with YES Bank for banking services and Bharat Bill Payment System (BBPS) integrations. The platform also utilises the Account Aggregator framework to help users access and manage financial information across multiple accounts through a consent-based data-sharing mechanism.
The startup is focusing on expanding access to digital financial services, particularly among consumers in Tier II and Tier III cities. The addition of UPI capabilities marks another step in jUMPP’s efforts to strengthen its position in India’s growing digital finance ecosystem.