Reliance Tests Innovative Sound Box Payment System Amid Expansion of Financial Services

  • India’s Reliance is internally testing a sound box payment system that uses Jio Pay, ahead of undisclosed public release.
  • Originally introduced by Paytm, this device has grown popular in India, providing merchant behaviour data and becoming a significant part of digital transactions.
  • The move aligns with Reliance’s broader push into financial services, drawing on its ability to access capital affordably.
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