Reliance Jio Money to sign over 10 mn small merchants

Reliance Jio Money will sign over 10 million small merchants retailers in the coming weeks across 17,000 towns and 4 lakh villages.

To enable digital transactions, Reliance Jio is working to empower Indian merchants by building a digital retail ecosystem, called Jio Money Merchant Solutions. This will enable digital transactions of all types, be it at mandis, small shops, restaurants, railway ticket counters for bus and mass transit and even for person-to-person money transfers.

Starting December 5, every merchant can download Jio Money Merchant Solutions whereas customers can use their Jio Money 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.

Using Jio Money Merchant App, merchants can also make supplier payments, transfer money between his bank account and use digital petty cash.

The Jio Money ecosystem will be a committed and enthusiastic partner for the smooth implementation of Prime Minister Narendra Modi's game changing vision of creating a digitally enabled and a strong Indian economy. 

Jio is committed to support the growth of a digitally-enabled, optimal-cash economy in India. In order to make this possible, JioMoney is rapidly expanding its reach to millions of touch points where Aadhar based micro-ATMs will be deployed.