Fintech Platform jUMPP Obtains NPCI License to Operate as UPI Third-Party Application Provider
This license will enable the platform to integrate Unified Payments Interface (UPI) services, facilitating direct retail payment solutions through its mobile application.
To roll out these payment services, jUMPP has partnered with YES Bank Limited as its Payment Service Provider (PSP) bank.
Additionally, the platform is collaborating to offer Bharat Bill Payment System (BBPS) services to expand its digital utility suite.
This approval highlights the expanding ecosystem of AI-led digital finance tools in India and NPCI's push to diversify UPI service providers.
Key Facts / Static GK
NPCI Headquarters: Mumbai, Maharashtra
Yes Bank Headquarters: Mumbai, Maharashtra
Practice Quiz — 27 June 2026
Q1. Consider the following statements regarding the RBI's draft Master Directions on Term Money Markets: 1. Non-Banking Financial Companies (excluding Base Layer NBFCs) have a maximum borrowing limit of 200% of their Net Owned Funds (NOF). 2. Standalone Primary Dealers (SPDs) can borrow up to 400% of their NOF in the Call & Notice Money Market. 3. Transactions executed outside the NDS-CALL platform must be reported within 15 minutes. Which of the statements given above are correct?
Q2. Which bank has partnered with the AI-driven fintech platform jUMPP as its Payment Service Provider (PSP) bank for its UPI operations?
Q3. The AI-powered trade and payments platform LEXI Money has received in-principle approval to operate as a Payment Service Provider from which regulatory body?
Q4. The Rajolibanda Diversion Scheme (RDS) is an interstate irrigation project built across which river?
Q5. Under which international regulatory framework does the World Health Organization (WHO) declare a Public Health Emergency of International Concern (PHEIC)?
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