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1 December
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. The Total Investment & Insurance Solutions
"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. The Total Investment & Insurance Solutions
"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.
Using
the JioMoney Merchant App, merchants can also make supplier payments, transfer
money between his bank account and use digital petty cash. The Total Investment & Insurance
Solutions
"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.The Total Investment & Insurance
Solutions
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