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Ambani said the world often talks about Google and Meta but UPI and the JAM Trinity are some world-class ecosystems that have been created in India
Akash Ambani said UPI has not benefited only the consumers, but has created businesses to be enabled.
Reliance Jio Infocomm Limited (RJIL) Chairman Akash Ambani hailed India’s UPI system, calling it a “world-class ecosystem”.
During a fireside chat with Harsh Jain — co-founder & CEO, Dream Sports — at the Mumbai Tech Week 2025, Ambani said the world often talks about Google and Meta but some of the platforms that India has scaled, “UPI, the JAM trinity, these are world class ecosystems that have been created in the country”.
“UPI has not benefited only the consumers, but it has created businesses to be enabled. On top of that, it has made the ecosystem very, very seamless. So, I think we need to start talking about India First innovations that we have done and done them really at world-class standards. The fact today that we’re exporting our UPI solution to other countries speaks volumes of itself,” he said.
Equating the journey to the one at Jio, Ambani said: “We also imagine ourselves to be platform companies. One of our biggest growth missions of Jio and the way where we want to make impact is connecting each home. And in the home, we not only offer broadband connectivity but we offer our own OS which is a Tele OS that powers the large screen at home. It is our vision to reach 100 million homes in the shortest amount of time possible. And I think we have now the technology and the demand to do so to enable that.”
“But with that, we’ll be opening ourselves up as a platform for developers to come on top of, have access to these homes, really reach all of those consumers. And then you have to deploy India First Solutions. Right? If you don’t deploy India First solutions for India, it’s not a cookie cutter that we need to look and have inspiration from the West, but really look and say that what is the need of all of these Indians as a virtue of which we’ll now not be covering just the cities, but we’re covering pretty much all of India from a connectivity standpoint of homes and empowering them with this powerful TVOs of sorts that can reach into those. And once the scale comes of, you know, 100 million homes and each home will have multiple users, then we’ll be able to build really a platform that can sustain this growth for the Indian entrepreneurship and tech hub.
“So that’s one thing I think on the business side, we’ll also build JioBrain so that you can have ML as a service where you don’t have to have particular expertise or have the costly infrastructure that comes with building an AI business that you can just tag on to JioBrain and we’ll launch that in the coming quarters as we perfect the use cases for that.”
He added that it’s time that India starts recognising the already-existing initiatives in terms of ecosystems and platforms that are enabling multiple hundred millions of users in India.
