Reliance Jio Infocomm Ltd (‘Jio’) and Uber recently announced on Monday that they had struck a strategic partnership and aimed to bring the benefits offered by the Jio Digital to the subscribers. Through this partnership, Jio, the telecom brand owned by the Ambanis and Uber, the global taxi aggregator, will work together to offer their customers a variety of experiences through the complementary programs which can be worked out.
JioMoney is the Prepaid Payment Instruments (PPI) which is offered by the Reliance Payment Solutions Ltd and the strategic partnership with Uber allows all people availing Uber rides the option to use JioMoney to pay the fares. The users will also have the option of availing cabs by using JioMoney. This will enhance the digital payments system India is looking to move towards and also increase the number of people availing the cab services due to this option. Anirban S. Mukherjee, Business Head, JioMoney, claims that the integration of JioMoney and Uber will power the rapid migration of many more Uber transactions to the digital platform.
This news was confirmed by a tweet from Uber’s official account.
“Digital payments have become part of our everyday lives, and by integrating JioMoney as a payment option, our riders will have the ability to use a familiar and consistent payment experience. Through this strategic partnership, we are looking to fast forward to digital solutions at scale for Indian users.” -Madhu Kannan, Chief Business Officer, India and Emerging Markets for Uber.
This alliance is beneficial to customers because this partnership is supposed to provide offers and coupons to the users availing Uber rides through the JioMoney wallet.