Reliance Jio merges with Uber to enable JioMoney payments
JioMoney and Uber will offer exclusive incentives to every user paying for Uber rides through JioMoney, the statement said.
In an attempt to counter PayTm, Reliance Jio has announced a strategic partnership with cab aggregator Uber, which will start with allowing users to pay for their rides through Reliance's prepaid wallet, JioMoney.
Uber has till now had a merger with Chinese Internet giant Alibaba-backed Paytm which offered an alternative to cash payments for Uber rides. However, now the users of JioMoney, the wallet offered by Reliance Payment Solutions, will soon be able to request and pay for Uber rides from within the JioMoney app, it said in a statement. Paytm does not provide this feature.
Uber's newly inducted chief business officer for India Madhu Kannan said the partnership will "unlock synergies across two of the largest user bases in India."
"Through this strategic partnership we are looking to fast forward to digital solutions at scale for the Indian users," he was quoted as saying in the statement.
"JioMoney's integration with Uber will power the rapid migration of many more Uber transactions to the digital platform," JioMoney's business head Anirban S Mukherjee said.
In lieu of the partnership, Jio and Uber will work together and explore various opportunities to progressively enrich and enhance the experience of their users through complementary programmes, it said.
JioMoney and Uber will offer exclusive incentives to every user paying for Uber rides through JioMoney, it said.