Mumbai: Reliance Jio and Sodexo, on Thursday announced a partnership to accelerate India's digital transformation. The two companies will leverage complementary strengths and offerings to create an enriched digital life ecosystem for Indians.
Jio Money, the Prepaid Payment Instrument (PPI) wallet offered by Jio Payments Bank Ltd., has enabled integration of Sodexo Meal Cards with the Jio Money account of its users to allow mobile-based payments via Sodexo Meal Card.
The partnership will enable thousands of Sodexo merchants like grocery shops, kiranas, restaurants and cafes across the country, to accept digital payments via Sodexo.
"Jio's partnership with Sodexo will further Jio's endeavor to deliver the benefits of evolving digital technologies to every Indian and allow them to live digital life to the fullest. The integration will bring convenience and new digital transaction options for both Jio Money and Sodexo users in India. Going forward both brands will leverage core strengths, develop synergies and expand their reach and presence in India's growing digital ecosystem," said Anirban S Mukherjee, business head, Jio Money.
"At Sodexo, we constantly strive to enhance the consumer experience by expanding the ways to use the Sodexo Meal card within our proprietary network. Our endeavor has been to improve the retail experience for our three million daily users. With this partnership, Jio Money's mPOS (mobile point of sale) system will help segregate the food and non-food items among standalone, smaller merchants, which will further strengthen Sodexo's position as a compliant meal benefit solution in the country," said Stephane Michelin, CEO Sodexo Benefits and Rewards Services India.
Sodexo's proprietary meal benefit solution, Sodexo Meal Pass can be linked to the Jio Money app for making quick payments on-the-go.
It will also be an added digital transaction option for Jio Money's rapidly growing user-base across India.
Consumers no longer have to carry the Sodexo's physical card for the purchase of food and non-alcoholic beverages. They can simply add the Sodexo Meal Card balance to the Jio Money app and start transacting.
The solution has already been launched in Mumbai and the consumer response has been excellent.
Jio Money solution will be enabled at all Sodexo accepting merchants nationally over a period of time.
This partnership between Jio Money and Sodexo, both being leaders in their respective spaces will bring about a radical change in the payments landscape across the country.