JioMoney Wallet Service Has Been Launched by Reliance Jio [ Current Affairs ]


Digital wallet service, named JioMoney Wallet, has been launched by Mukesh Ambani-owned Reliance Jio Infocomm for Indian consumers. JioMoney is a semi-closed prepaid wallet that seeks to permit mobile-based communications.

  • Using it customers can collection money and usage it for pay for goods and services.

Key Features of JioMoney Wallet

  • The service will empower customers to brand bill payments, mobile and DTH recharges, send/receive money and assurance premium payments, and for online shopping.
  • It also permits users to send and obtain money to and from family and friends.
  • It will also empower easy transfer of JioMoney balance into the customer’s bank account.
  • The wallet service permits consumers to use barcode image to pay at physical stores.
  • It also compromises coupons, deals and cashback in a straight line to customers on their mobile phone from local traders.
  • Customers with the help of Jio Money will be intelligent to make payments from and for the complete Reliance ecosystem which comprises Reliance Retail, Digital Express, and Reliance Fresh etc.
  • In November 2015, the service was thrown after the Reserve Bank of India (RBI) had given license to Reliance Payment Solutions for its JioMoney service.

- Published on: May 13, 2016