Did you know, Reliance Jio will soon take on Amazon, Flipkart; this app says it all
Reportedly, Reliance is already piloting the Reliance Jio merchant app with 5,000 kirana stores in Mumbai and Ahmedabad.
The pattern of online shopper is very simple - you search for the product needed, you order them and make payment either through credit or debit cards, wallets or even cash on delivery. Currently, e-commerce portals like Amazon and Flipkart have been dominating this sector in India with their discounts and massive offers. The online shopping portal is very flexible and less time-consuming. You can shop anywhere without ever having to go near a vendor. But it needs to be noted that, although you shop online the product is actually delivered by vendors who have tied up with Amazon and Flipkart. While these two e-commerce giants are busy competing against each other, there might be a new player in town and this entrant is actually highly popular in the country.
Guess what! Mukesh Ambani led Reliance Jio is doing virtually the same, gathering vendors on their channel through an app, making people, shop and pay for the products too. RJio is currently known for disrupting telecom and cable television market. Soon, it may grab attention even in e-commerce space with its Jio Merchant App. That means it is all set to compete against Amazon and Flipkart.
According to FactorDaily report, the app, it is expected, will be a one-stop shop for offline merchants to get on to Reliance’s ecommerce platform; manage their inventory, logistics and supply chain requirements; accept payments and credit money back; and place orders from Reliance’s cash-and-carry or wholesale mega-stores.
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Reportedly, Reliance is already piloting the app with 5,000 kirana stores in Mumbai and Ahmedabad. It expects to roll it to out to merchants across the country by the end of the year and scale it up next year.
Furthermore, it is known that the plan is a “tokenisation platform” that will allow consumer product companies such as Hindustan Unilever and Dabur to generate select promotional coupons together with merchants to clear stock, target users in a particular catchment area, and help increase customers visiting a particular retail outlet. It can also be used to target product sampling accurately.
Not only this, brands can offer discounts using coupons as well. These coupons will be available on the Jio Money app of the user.
How to activate my JioMoney Merchant Account:
- Once you have submitted your application and uploaded all the documents, your account will be instantly activated
- You will receive an SMS with your Merchant ID and Terminal ID on completion of sign-up
- However, we will verify all documents uploaded by you
- If the documents are verified successfully, you would be upgraded to a full KYC customer and your monthly limits for transactions will be increased
- You will also receive a notification via SMS/Email from us the moment your documents are verified