Mukesh Ambani's Reliance Jio Infocomm has launched its digital wallet, JioMoney. The platform has already got more than 50,000 online merchants signed-up for the wallet service, reports Inc42. The app is currently available on Google Play Store and Apple App Store. Reliance Industries Limited also had got license for setting up a payments bank from Reserve Bank of India in August 2015 with 9 others.

With JioMoney users can do mobile and DTH recharges, make everyday payments, send and receive money, pay insurance and other premiums, manage finances, get great deals, etc. JioMoney will be accepted by thousands of physical stores and shops across India.