Category: Digital Banking

Amica Financial Technologies Private Limited (Jupiter) is not a bank and does not hold or claim to hold a banking license. Products and services on the Jupiter platform are offered in partnership with regulated entities. Savings accounts, fixed and recurring deposits, and co-branded debit/credit cards are issued by partner banks including Federal Bank, CSB Bank, and other partner banks authorised by the Reserve Bank of India (RBI) from time to time. The Jupiter Account is a Prepaid Payment Instrument issued by Amica Payment Services Private Limited, a wholly owned subsidiary of Jupiter and an RBI-authorised PPI issuer (License No. 192/2024). Jupiter is also a TPAP registered with NPCI for enabling UPI services. Loan products are facilitated in partnership with RBI-registered NBFCs including Amica Finance Private Limited (NBFC Registration No. N-13.02457) and Kisetsu Saison Finance (India) Private Limited, with Jupiter acting as a Digital Lending App (DLA) and Loan Service Provider (LSP). Mutual fund investments are offered through Amica Investment Advisers Private Limited, a SEBI-registered Investment Adviser (INA000015507) and AMFI-registered EOP platform (CAT1 EOP-0005). Digital gold is offered in partnership with MMTC-PAMP India Private Limited, health insurance in partnership with authorised entities, and prepaid gift cards in partnership with Pine Labs Private Limited. All products are subject to the terms and conditions of the respective regulated partners, and users are advised to read relevant product documents carefully.