Reliance Jio is Coming up with Jio-Money Merchant Solutions For Small Vendors & Businesses

Reliance Jio is Coming up with Jio-Money Merchant Solutions For Small Vendors & Businesses
December 06 18:22 2016

Just after some days earlier Paytm gave a successive blast news over the money transaction. They had a big achievement and set big market goals across the country. Now times to blast news for Reliance Jio. Reliance Jio is coming very hardly with Jio money merchant solution over the country. They are coming very soon as for the small vendors and business as well as.

This will be a digital wallet that you pay like other online wallets. For the promoting Modi’s vision of a cashless economy through its own Jio-Money app Reliance Jio is trying hard. Users pay with this platform and will make easy way to proceed the goal of PM Modi’s vision.

For the digital transactions Reliance Jio is going to launching Jio-Money Merchant solutions. This Money Merchant solutions will provide an ecosystem of that digital transactions. This will a top work by them to tackle the hurdles faced by the smaller merchants. Reliance Jio also going to work for the small vendors that are not able to catch up with this cashless technology.

The honorable Chairman and MD of Reliance Industries Limited, Mukesh Ambani said that “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”.

Mr Ambani said from the December 5th in every merchant this new app will available. This will starting the journey for all kind of merchant. More over, this digital transactions wallet will be enable for 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.

Like the Paytm online wallet Jio-Money wallets will works same. In a statement official said that all costumer will able to use their Jio-Money wallets to pay merchants from their bank accounts directly, and merchants can use the Jio-Money Merchant App to accept these payments directly into their bank accounts.

Someone ask that what different from other Digital Wallets. The official said that this like similar but have nice more features on this app. By the using Jio-Money merchants app, even small vendors on the street side will be able to accept payments to their bank accounts. The Jio Money accounts are linked directly to the bank accounts, so the money also gets deposited to these bank accounts. And also, the merchant will also be able to transfer money between accounts and make supplier payments through it.

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Anushka Bisht
Anushka Bisht

I am Anushka Bisht, Site owner of www.turtle7.com has written 1,100 articles for turtle7, where I share news, latest gadget inforamtion, latest technology, health tip and tutorials with the whole world. Your can visit other websites www.wallpapersrapid.com

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