Reliance Jio launches Jio Money Wallet service.
Reliance Jio Infocomm, owned by Mukesh Ambani launched its digital wallet service Jio Money Wallet for Indian consumers. It comes after its introduction of its 4G services to the public through an invite system.
Jio Money Wallet service has already signed up for more than 50,000 online merchants. So, you could soon start using the services on transactions at online marketplaces such as Flipkart, Amazon, and Snapdeal. Trusted sources from within the company claim that it will also be accepted at thousands of offline stores across India.
The wallet service will enable customers to make bill payments, mobile recharges and insurance premium payments, as well as do online shopping. One can also use it to send and receive money to and from family and friends.
Reliance Jio tested the app internally before launching it for general public at large. Till now, the wallet service was being used at company cafeterias and at the Reliance Retail unit by Reliance Industries employees.
The mobile wallet market in India is going through a very interesting phase. It will give Reliance Jio access to the Rs 350-crore and growing mobile wallet market. Not to forget, Reliance had earlier acquired a payments bank licence in partnership with State Bank of India, which will be an advantage to accept deposits as well.
How to Download Jio Money?
If you cannot see the app on play store, Click here to visit JioMoney’s website to download the APK directly.