Mukesh Ambani launches Jio Money Merchant Solutions, lauds Modi’s demonetisation

Riding on the back of PM Narendra Modi’s demonetization move, RIL Chairman Mukesh Ambani launched Jio Money Merchant Solutions, which will enable digital transactions of all types, from mandis, kirana shops to restaurants.

While launching the Reliance Jio ‘Happy New Year’ offer, rolling out host of services and applications free of cost from Dec 4-March 31, 2017, Ambani said the merchants solution will empower the merchants to build a digital retail ecosystem.

Ambani said the digital transaction will help in economic growth and can bring transparency. “Digitally-enabling transactions will boost economic growth, while bringing unprecedented transparency and accountability,” he said, adding the present cash crunch issue can be conquered with JioMoney.

“Jio is working to empower Indian merchants by building a digital retail ecosystem, which we are calling JioMoney Merchant Solutions. 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,” Ambani said.

Ambani lauded Modi’s demonetisation scheme, terming it as a bold move. “By doing this, our honorable Prime Minister has given the strongest push to growth of digitally-enabled, optimal-cash economy in India,” he said.

While addressing the employees and stakeholders, Ambani unleashed another pricing and tariff war as he announced a ‘Happy New Year’ offer, rolling out free data, voice calls, wi-fi, etc till March 31, 2017.

From December 04, 2016, every new Jio user will get Jio’s Data, Voice, Video and the full bouquet of Jio applications absolutely free till March 31, 2017.

Read also: Breaking News: Mukesh Ambani rolls out ‘Happy New Year’ offer, unleashes unlimited data, voice calls till March 31


(image: IndiaTimes)