jUMPP has received approval from the National Payments Corporation of India (NPCI) to operate as a Third Party Application Provider (TPAP), allowing the company to offer Unified Payments Interface (UPI) services through its application.
With the approval, jUMPP users will be able to access a range of digital payment services, including peer-to-peer money transfers, merchant payments, utility bill payments, and mobile recharges directly from the platform.
The milestone follows the company’s recent approval from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance products, strengthening its position as an integrated digital financial services platform.
Founded by Sarvjeet Singh Virk, jUMPP currently offers investment products such as digital gold, mutual funds, and systematic investment plans (SIPs). The addition of UPI services marks a significant step towards building a comprehensive financial ecosystem that combines payments, investments, insurance, and other digital financial solutions under a single platform.
To support its payments infrastructure, jUMPP has partnered with YES Bank for banking services and Bharat Bill Payment System (BBPS) integrations. The platform also leverages the Account Aggregator framework, enabling users to securely access and manage financial information across multiple accounts through a consent-based data-sharing model.
The company is focused on expanding digital financial inclusion, particularly across Tier II and Tier III cities, as it seeks to strengthen its presence in India’s rapidly growing fintech landscape.
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