CURRENT AFFAIRS

Detailed explanation-1: -Reliance Jio launches JioMoney Wallet service, ropes in over 50, 000 merchants.

Detailed explanation-2: -Mukesh Ambani-led telecom major Reliance Jio has launched UPI-powered payments service and has started offering the feature to its subscribers.

Detailed explanation-3: -JioMoney is an Indian mobile wallet. Users load money via their credit/debit card or bank account. Once loaded with credit, JioMoney can be used to make purchases online or in-store as well as send money to friends and family.

Detailed explanation-4: -The Gift Card balance can be used to purchase eligible items in jiomart.com. To do so, select the JioMart Gift Card balance on the Payment method selection page. You can also combine credit/debit cards or net banking with your JioMart Gift Card balance to complete a purchase.

Detailed explanation-5: -The Competition Commission of India (CCI) on Wednesday approved Facebook Inc’s 9.99 per cent stake buy in Reliance Industries’ (RIL) Jio Platforms. Facebook will buy stake worth Rs 43, 574 crore in Jio Platforms through a wholly-owned indirect subsidiary Jaadhu Holdings LLC.