Jio Unveils ‘JioSoundPay’ To Simplify UPI Payments For Small Businesses

Jio Unveils ‘JioSoundPay’ To Simplify UPI Payments For Small Businesses

SUMMARY

Jio has reportedly introduced a new feature for its JioBharat device - JioSoundPay, an offering designed for small-scale merchants across India

This new feature is designed to provide instant, multilingual audio confirmations for every UPI payment, making business operations smoother and more efficient for small kirana stores, vegetable vendors and roadside eateries

Reliance Industries Ltd’s (RIL’s) digital arm Jio Platforms’ average revenue per user (ARPU) surged to INR 203.3 per month at the end of the quarter as against INR 181.7 in Q3 FY24 and INR 195.1 in Q2 FY25

Reliance-backed Jio has reportedly introduced a new feature for its JioBharat device – JioSoundPay, an offering designed for small-scale merchants across India.

This new feature is designed to provide instant, multilingual audio confirmations for every UPI payment, making business operations smoother and more efficient for small kirana stores, vegetable vendors and roadside eateries, the company said in a statement.

“Existing small and micro merchants pay around INR 125 a month for a sound box. Now, with JioSoundPay being provided free, JioBharat users will save Rs 1,500 annually,” an official told ET.

Reliance Jio regained momentum in November, adding wireless users after four months of subscriber losses. BSNL, which had been gaining subscribers for four months, saw its growth streak end, recording losses during the same period.

Meanwhile, other private telcos, Bharti Airtel and Vodafone Idea, also lost subscribers in November, according to data from the Telecom Regulatory Authority of India (TRAI) released on Wednesday. This contributed to an overall decline in wireless subscribers, with a net loss of 1.76 Mn users. The total wireless subscriber base at the end of November stood at 1.14 Bn.

Reliance Industries Ltd’s (RIL’s) digital arm Jio Platforms’ average revenue per user (ARPU) surged to INR 203.3 per month at the end of the quarter as against INR 181.7 in Q3 FY24 and INR 195.1 in Q2 FY25. Total subscriber base stood at about 482 Mn, up 2.4% YoY, at the end of the December quarter.

The company said that the net subscriber addition in the quarter stood at 3.3 Mn with a monthly churn of 2%. It added that the customer addition rebounded to pre-tariff-hike levels in the exit month after transient SIM consolidation. 

Notably, Jio hiked the tariffs for its postpaid and prepaid plans by 12% to 25% from July 3. 

RIL said that Jio’s 5G customer base stands at over 170 Mn and accounts for 40% of the company’s wireless traffic. 

This development comes at a time when Jio Platforms has scaled up its digital play in the past year by launching a clutch of new offerings, including JioCoin, AI cloud services, 4G feature phones and Bluetooth tracker JioTag Go.

Meanwhile, Reliance Jio Infocomm’s standalone profit for the quarter stood at INR 6,477 Cr, up 24% year-on-year (YoY). Its revenue from operations zoomed 16% YoY to INR 29,627 Cr.

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