Signalling that the price war in the telecom segment is set to intensify, Reliance Jio Infocomm controlled by Mukesh Ambani has announced extension of free domestic voice calls and data till March 31 and said the company was growing faster than Facebook and WhatsApp in first three months of the launch to reach 52 million customer base.
Welcoming the demonetisation exercise of the government, Reliance Industries chairman Ambani also joined the race in the digital payment segment and announced the rollout of Jio Money Merchant Solutions, a mobile payment application.
“In the first 3 months since its birth, Jio has grown faster than Facebook, WhatsApp or Skype. In 83 days, Jio has crossed 50 million customers on its 4G LTE ALL-IP wireless broadband network,” Ambani said in a live webcast on Thursday. “Starting December 4, 2016, every new Jio user will get Jio’s data, voice, video and the full bouquet of Jio applications and content, absolutely free till March 31, 2017,” he said, adding that the benefit will also be extended to the existing users. However, the plan will come with a Fair Usage Policy (FUP) which will cap data for Reliance Jio customers at around 1 GB per day. “..JioMoney is focused on signing-up over 10 million small merchant retailers in the coming weeks across 17,000 towns and 4 lakh villages,” he said.
On demonetisation, Ambani said, “this decision is an important step in his ongoing efforts to change the mindset of the people of India. Digitally-enabling transactions will help to create a fair, just, transparent and strong India and Indian economy. It will bring unprecedented accountability at every level. I believe that the common people will be the biggest beneficiaries .. Every Indian will have a digital ATM in their hands… .”
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