Reliance Industries Ltd.

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Large Cap | Refineries
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RIL’s telecom arm launches digital wallet service ‘JioMoney Wallet’

Date: 12-05-2016

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.