Reliance Industries Ltd (RIL) is testing its payments bank services among its employees, two executives aware of the matter said, similar to how it introduced Reliance Jio Infocomm Ltd nearly three years ago. Formed in April 2018 as a 70:30 joint venture between RIL and State Bank of India (SBI), Jio Payments Bank is one of eight entities licensed to operate payments banks in the country. Allowing employees to use the service will allow the company test its network and infrastructure and help plug loopholes before a formal launch. We have begun live beta trials for Jio Payments Bank. We are also rolling out merchant solutions and the service is seeing good acceptance across offline and online, Anshuman Thakur, Reliance Jio’s strategy and planning head, said. RIL is also moving customers of its JioMoney prepaid mobile wallet to Jio Payments Bank, the second person cited above said.