WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment

WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment

SUMMARY

Earlier, customers could only browse JioMart’s products through WhatsApp, but couldn’t make the payments from the messaging app

With the new feature, unveiled during RIL’s AGM, the consumers wouldn’t have to leave WhatsApp to complete the payment for their order

WhatsApp parent Meta (former Facebook) invested $5.7 Bn (INR 43,574 Cr) in Reliance Jio in 2020 and acquired 9.99% stake in the company

With its heightened focus on JioMart, Reliance has now taken its partnership with WhatsApp a notch higher. The messaging app will now provide an end-to-end shopping experience for JioMart customers under which they can browse through JioMart’s entire grocery catalogue, add items to cart, and most importantly make the payment on WhatsApp itself.

The new feature was demonstrated by Isha Ambani, the chairperson of Reliance Retail, during the 45th annual general meeting of Reliance Industries Ltd (RIL). Till now, consumers could only browse JioMart’s products through WhatsApp, but couldn’t make the payments from the messaging app.

To start shopping from JioMart through WhatsApp, consumers will have to send ‘Hi’ to the JioMart smart bot, following which they will receive a link to get started. From there, they can browse the entire JioMart catalogue, order the items and make payment.

However, besides WhatsApp Pay, consumers can also opt for ‘Cash on Delivery’ and other payment methods.

The launch of the new feature is part of a strategic partnership between Meta and Jio Platforms to accelerate India’s digital transformation and provide people and businesses of all sizes opportunities to connect in new ways, RIL said in a statement.

The partnership between RIL and WhatsApp parent Meta was announced in 2020 during the former’s 43rd AGM. Meta (former Facebook) invested $5.7 Bn (INR 43,574 Cr) in Reliance Jio and acquired 9.99% stake in the company at a pre-money valuation of $65.95 Bn (INR 4.62 Lakh Cr).

“When Jio platforms and Meta announced our partnership in 2020, Mark and I shared a vision of bringing more people and businesses online and creating truly innovative solutions that will add
convenience to the daily lives of every Indian… The JioMart on WhatsApp experience furthers our commitment of enabling a simple and convenient way of online shopping to millions of Indians,” RIL CMD Mukesh Ambani said.

Meta CEO Mark Zuckerberg said this is the social media giant’s first-ever end-to-end shopping experience on WhatsApp. “Business messaging is an area with real momentum and chat-based experiences like this will be the go-to way people and businesses communicate in the years to come,” he added.

The development comes at a time when all grocery delivery platforms – from new-age companies like Swiggy, Zomato, and Dunzo to conglomerates like Tata, which acquired BigBasket – are aggressively trying to acquire consumers.

It must be noted that Reliance Retail has over 25% stake in Dunzo.

While WhatsApp has been working for years on its payments feature in India, it got the National Payments Council of India’s (NPCI’s) nod in April 2022 to roll out the UPI feature to 100 Mn users. Since then, its payment feature has recorded 2.3 Cr UPI transactions worth INR 429.06 Cr. However, WhatsApp Pay has not been able to acquire a significant market share yet in
the payment ecosystem dominated by Paytm, Google pay, and PhonePe.

 

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment-Inc42 Media
WhatsApp To Provide End-To-End Shopping Experience For JioMart, Including In-App Payment-Inc42 Media
You’re in Good company