Mukesh Ambani-led telecom major Reliance Jio has launched UPI-powered payments service and has started offering the feature to its subscribers. The company has become the first telecom operator to enter the UPI payments space.
Currently, Reliance Jio is India’s largest telecom operator with over 370 million subscribers. Jio’s UPI payments feature, which is only available for select users now, will soon be made available to others.
Jio’s UPI payments/ money transfer feature has not been directly linked to the Jio Money wallet but is available on the LTE network provider’s My Jio app. This app acts as a portal to other Jio apps like — JioCinema, JioTV and JioCloud.
Reliance is all set to venture into the e-commerce segment with the launch of Jio Mart. The company is currently live in Navi Mumbai, Thane and Kalyan. It is rolling out an offline-to-online commerce platform that will provide retail packaged consumer goods (PCG) and kitchen supplies to the customer in select locations.
Powered by kirana stores, that have signed up onto Jio using its internet-enabled point-of-sale (PoS) and inventory management device, the mart will offer a selection of over 50,000 grocery products, no-charge deliveries, low prices, and easy returns.
A dedicated mobile application for Jio Mart is expected to be launched in the coming weeks, which will also be integrated with My Jio and Jio Money applications.