Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers.
Through this service, the bank's customers can complete a transaction without funding the wallet, the bank said in a statement.
Bank's customers will get a facility to directly pay from their account for the services offered through the wallet (without pre-loading their wallet), it added.
Speaking on the occasion, Federal Bank Chief Operating Officer Shalini Warrier said that this arrangement would empower customers to retain the funds with their accounts while enjoying the host of services available in the App.
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