Reliance Jio’s future plans: Payment banks, 4G feature phone, enterprise solutions

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What remains undeniable is the fact that since the time Reliance Jio has entered the Indian market, each and every announcement made regarding the same has a rippling effect on most aspects that comprise the market. The company gave us a pleasant surprise when they announced that they re-entering the telecom business to commence its services. It came across as a shock to other service providers when they introduced the 4G-only services and free calls for a lifetime with their Reliance Jio SIM. So what exactly do we expect from today’s announcement? Here is what is expected of them:

Another LYF feature phone

If rumours are believed to be true, there is a high possibility that Mukesh Ambani might just announce a new, LYF smartphone flagship with 4G capability. Several reports suggest that the smartphone will be called LYF Easy and will be priced as low as Rs 1500. The smartphone may offer VoLTE capability among other features.

In the wake of demonetization, a payment bank

Reliance is already catering to the digital payment segment through its e-wallet, Jio Money. However, the company has never truly promoted this as their commercial offering. Given the current circumstances of recent demonetisation, there are chances that RIL may just launch a payments bank. A payments bank would have all services that a traditional bank offers. The only difference being its credit facility.

Stark enterprise offerings

Mukesh Ambani had already hinted towards some enterprise solution when he first announced Reliance Jio back on September 1. Different factors of the market such as networking, wireless, wireline, fibre and cable networks are some places that the company will be targeting with their robust solutions.

Either way, there is a lot to expect from this afternoon’s announcement. Stay tuned to find out more.