Reliance Jio Money Wallet silently launched on Google Play Store

Reliance Jio Infocomm Ltd's (R-Jio) digital wallet app JioMoney has made a quiet debut on Google Play Store. JioMoney is a semi-closed prepaid wallet that aims to enable mobile-based transactions, where customers can store money and use it for purchasing goods and services.

With its Jio Money digital wallet, the company aims to enable mom-and-pop shops to accept cashless payments through smartphones.


An industry insider said that the company has tied up with over 50,000 online merchants for the service. With JioMoney, users can do mobile and DTH recharges, send/receive money, make bill payments, pay insurance and other premiums et al.

JioMoney is powered by 4G small cell technology and is said to be platform-independent.




Customers can use JioMoney's digital wallet, a Jio Money card or any other credit/debit card directly from the wallet to pay merchant seamlessly and instantly. JioMoney digital wallet also gives consumers the option of opening a Digital Bank Account or linking their existing account.

Last October, Jio started testing JioMoney Merchant for small and large merchants. The service allows owners of any kind of business to create an account with the company and start accepting payments.



According to the company, the benefits for the merchants include integrated billing & payment system, inventory management, online ordering, accounts and book keeping, customer profile, credit and campaign management.

In November 2015, RBI gave mobile wallet licence to Reliance Payment Solutions for its JioMoney service.