Tuesday, March 2, 2021
Home Business Reliance to launch Jio-Money Merchant Solutions app to enable digital transactions, especially...

Reliance to launch Jio-Money Merchant Solutions app to enable digital transactions, especially among small Merchants

Using the JioMoney Merchant App, merchants can also make supplier payments, transfer money between his bank account and use digital petty cash

Mumbai, Dec 1, 2016: To enable digital transactions, especially among small merchants, Reliance Industries on Thursday announced it was launching next week its Jio-Money Merchant Solutions.

“To enable digital transactions, merchants, especially small merchants, are an important component of our economy. To fuel their transactions, Jio is working to empower Indian merchants by building a digital retail ecosystem, which we are calling Jio-Money Merchant Solutions,” said Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, in an address to stakeholders at RIL’s Navi Mumbai office.

NewsGram brings to you latest new stories in India.

“Starting December 5, every merchant can download the Jio-Money Merchant Application,” he added.

Ambani said this will enable digital transactions of all types, whether they be at mandis, small shops, restaurants, railway ticket counters, for bus and mass transit and even for person-to-person money transfers.

“Customers can use their JioMoney wallets to pay merchants from their bank accounts, and merchants can use the Jio-Money Merchant App to accept these payments directly into their bank accounts,” he said.

Look for latest news from India in NewsGram.

Using the JioMoney Merchant App, merchants can also make supplier payments, transfer money between his bank account and use digital petty cash.

“JioMoney is focused on signing up over 10 million small merchant retailers in the coming weeks across 17,000 towns and four lakh villages. With this, the JioMoney ecosystem will be a committed and enthusiastic partner for the smooth implementation of our Prime Minister’s game-changing vision of creating a digitally-enabled and strong Indian economy,” Ambani said. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

85% Women in India Have Been Disproportionately Impacted Amid COVID: LinkedIn Report

Women have been disproportionately impacted amid the Covid-19 pandemic in India and 85 per cent of those surveyed have missed out on a raise...

Research: The Pandemic Has Affected Tourists’ Attitudes And Behaviors

The pandemic has affected tourists' attitudes and behaviors in unforeseen ways, often subconsciously, said a new study. The study, published in the journal Annals...

An Innovative Portable Machine Efficiently Collecting Plastic Bags

A team of students has developed an innovative portable and low-cost machine that efficiently collects discarded plastic bags. According to recent FICCI estimates, India's...

Extended Screen Time Linked To Binge Eating Disorder

Children who spend a lot of time on social media platforms or watching TV at ages 9-10 are more likely to develop binge-eating disorder...

Here Is A Look At The Masala In Store By Bollywood This Year

Bollywood has seen a surge in slice-of-life entertainers in recent years. However, this year, many top filmmakers seem bullish about reloading the vintage larger-than-life...

PM Modi invites World To Contribute To India’s Growth Trajectory

Prime Minister Narendra Modi on Tuesday invited the whole world to come to India and be a part of its growth trajectory considering its...

Vaccine Acceptance Among The Indian Women Highest in The World: Harvard Study

AS India has started rolling out the next phase of its Covid-19 vaccination drive for people above 60 years of age and those over...

Frustration Can Lead To An Escalation Of Drug Use And Addiction

While traditional addiction research has focused on three aspects of substance use disorders, namely craving, impulsivity, or habit, a new study suggests that frustration...

Recent Comments