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What is JIOMoney? How it can help in demonetization?

Mukesh Ambani owned Reliance Jio Infocomm offers JIO Money app among it’s other offerings. The app aims to make it easier to handle 
1. Recharge mobile, postpaind, landline
2. Pay electricity bill, bescom, other utility bill payments.
3. Load money and pay to the merchants which partnered with Jio Money like Bookmyshow, Dominoze etc.
4. Transfer money from one Jio Money wallet to another
5. Transfer money from Jio Wallet to Bank.
How Can you Start Using It –
1. You need a smartphone with mobile number of any service provider
2. Download Jio Money App, Register with your mobile number.
3. Start with the services
4. You can submit KYC to increase your limit from 10k to 1lac per month

Benefits of using JIO Money app

Using the app at offline stores even provides customers with various benefits such as :
  • The first real 10% Cashback on shopping with JioMoney on Reliance Fresh & Reliance Smart stores across India. No capping on the cashback earned. 
  • Customers who essentially use cash for shopping can also avail the cash back by utilizing the cash loading points inside each store to pay via JioMoney & earn the cashback of 10% on the total invoice. 
Offline Stores offering Discount for using JIOMoney

It’s like a boon for people since now-a-days it’s quite hard to find change of Rs 2000 note and hence to support government in initiative to curb black money  and reduce hardship at the same time and best part being that cashback is credited in 2 working days makes it more appealing.

 App even allows customers to transfer unused loaded money in JIO Money account directly to their bank account. However loaded money can be used at more than 50000 online merchants and 70+ billers, hence it helps in demonetization i.e. in times of need.

JIO Money – A Universe Beyond Cash 

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