Indian company Reliance Jio Intercomm (Reliance Industries Limited (RIL), a subsidiary of RJIL), is to launch a new digital wallet service this month, in partnership with the State Bank of India (SBI); the service is called Jio Money. The digital wallet, which can be connected to bank accounts, will enable "mom and pop" shops to accept cashless payments on existing smartphones. The company says that the benefits for any merchant accepting Jio Money transfers include: integrated billing & payment system, inventory management, online ordering, accounts and book-keeping, customer profile and credit management, and campaign management.
Indian company Reliance Jio Intercomm (RJIL), a subsidiary of Reliance Industries Limited (RIL), is to launch a new digital wallet service this month, in partnership with the State Bank of India (SBI); the service is called Jio Money. The digital wallet, which can be connected to bank accounts, will enable "mom and pop" shops to accept cashless payments on existing smartphones. The company says that the benefits for any merchant accepting Jio Money transfers include: integrated billing & payment system, inventory management, online ordering, accounts and book-keeping, customer profile and credit management, and campaign management.