MoneyWorks4Me

RIL’s telecom arm launches digital wallet service ‘JioMoney Wallet’

12 May 2016 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJIL) has launched its digital wallet service ‘JioMoney Wallet’, available on Google Play Store and Apple App Store. This is the second application from Reliance Jio to go live after messaging app ‘Jio Chat’.

The service will enable customers to make bill payments, mobile recharges and insurance premium payments, as well as do online shopping. It will also allow users to send and receive money to and from family and friends.

Jio has signed up more than 50,000 online merchants already for the wallet service, and could soon start supporting transactions on online marketplaces such as Flipkart, Amazon, and Snapdeal.


Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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