Challenging the dominance of Paytm in digital transactions, Reliance Jio has partnered with Uber, to make JioMoney, a mode of digital payment for the Uber riders.
So far, Paytm was the only option available to book a Uber ride through digital payment.
Reportedly, Reliance recently announced its partnership with Uber Technologies Inc to challenge Paytm’s dominance in digital payments.
Digital payments garnered popularity after demonetisation of high denomination currency notes last year. Reliance, which launched Jio Money in December, said it also plans to soon allow users to book and pay for Uber rides from the app itself, a feature that Paytm does not offer, reported the Financial Express.
As part of the partnership, Jio and Uber will work explore various opportunities to progressively enhance the digital payment experience of their users through complementary programmes.
"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.