Reliance JioMoney Merchant App Goes Live

Reliance Jio’s digital wallet app for merchants -JioMoney Merchant app- goes live from today. That means millions of merchants across the country can use the app to take payments for their products and services starting today.

So what happens now? Customers can use their JioMoney app to make payments for their shopping and merchants can use their JioMoney merchant app to take the payments. Besides, the merchants can make their supplier payments etc through the merchant app as well.

“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. Jio believes that this offering will contribute significantly in realizing the Hon’ble Prime Minister’s vision of transitioning to a cashless economy,” RIL chairman Mukesh Ambani had said while announcing this on 1 December.

He said this while announcing Jio’s new offer for its customers – Jio Happy New Year offer‘ that gives its customers all its services like voice calls, video, data, music and movie free till 31 March 2017.

JioMoney is planning to sign up over 10 million merchants including small merchants like small shops, ticket booking agencies, restaurants, bus and train tickets etc, in the next few weeks. In total, the company wants to reach out to 17,000 towns and four lakh villages with their JioMoney app.

Reliance is also planning to put up Aadhaar based micro-ATMs in those places to facilitate digital transactions and to help the country become a cashless economy.

“With this, the JioMoney ecosystem will be a committed and enthusiastic partner for the smooth implementation of our Hon. Prime Ministers game-changing vision of creating a digitally enabled and strong Indian economy,” Ambani added.

Both the JioMoney as well as the Merchant app can be digitally linked to users’ bank account, credit card and debit cards. Once linked, the mobile wallet can be used for any kind of digital transaction. Besides, one can transfer money from their JioMoney or merchant account to their bank accounts.

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