Reliance JioMoney Could Well Be a Disruptor, but Not Just Yet

Reliance JioMoney Could Well Be a Disruptor, but Not Just YetReliance JioMoney Could Well Be a Disruptor, but Not Just Yet

HIGHLIGHTS

  • JioMoney is Reliance Jio’s digital wallet
  • You can use it to recharge your accounts or pay offline
  • Login issues plagued our usage over the whole week

Reliance Jio wants to empower 10 million merchants to make digital transactions. The JioMoney appwas supposed to roll out to merchants last week, while Jio users have of course been using it for recharges and P2P payments for a lot longer, ever since the test rollout started almost a year ago now.

At the announcement for Jio Money earlier this month, Reliance Industries Chairman Mukesh Ambani talked about how every Indian now has a digital money wallet linked to their bank account. He spoke about Aadhaar based micro-ATMs at Jio’s eKYC enabled stores. Ambani laid out a massive vision for JioMoney, one that could well disrupt the rapid development we’re seeing in the fintech world.

The ground reality is a little different though – we’ve been using the JioMoney app for a week now – or trying to anyway – and our finding is that much like JioCinema and JioMusic, the JioMoney experience is very much a work in progress at this point.

Both of those apps have been tweaked since we reviewed them, and some of the early problems have been resolved, while a few others still remain. A re-branding also involved a rethink of the UX, which was very welcome. Conceivably, it’s possible that Reliance Jio will put JioMoney through the same kind of process as well, because as of now on day one, or rather week one, there’s no doubt that this kind of re-imagining is required.

jio in app jio_in_app

First up, let’s talk about something basic – logging in. To log in, enter your Jio number and password, and then verify your date of birth. This worked a couple of times, and did not work on many other occasions. In short, simply logging in to JioMoney to start using the app is a frustrating challenge, as there are frequent “Error processing request” messages, which is not helped by the fact that – as a genuinely welcome security measure – you can only attempt to verify your account a set number of times per hour.

Once you actually get into the app, there are all the usual options – the design looks a little clunky right now, but that’s true for all of Jio’s apps during their early days, and like we mentioned earlier, there’s hope that this will eventually change. The app lets you send or request money, pay bills and recharges, pay at a shop, along with a section for coupons, and for giving to charity. The last of these is unusual but that notwithstanding, the offerings are pretty much in line with the industry. You should be able to use the app to pay your Jio bills as well, whenever that comes into effect.

Recharges are a smooth process, with little or no issue as long as you’re able to get into the app. You can recharge other prepaid phone connections, DTH connections, gas payments, and so on. You can transfer money to a bank account using IMPS by using its IFSC code and account number. You can use this to take your money out of Jio as well.

jio barcode jio_barcode

Pay at shop via the Reliance JioMoney app requires you to enter the seller’s phone number or scan a code, after which you enter your mPIN to authorise the transaction. This seems to be a workable way of doing this, but unlike other wallets, whose stickers now emblazon shop after shop, it’s very hard to know where you actually can use JioMoney. Although we were very hopeful that we’d have stories to share about using it in the real world, the sad fact is that all of our transactions – in between many logouts and request processing errors – took place online.

In contrast, we’ve used several other digital wallets throughout the week, to buy everyday items, pay for conveyance, and to grab a bite. A week is too short a time to expect Jio to be massively visible of course, but given Ambani’s pledge of reaching 10 million merchants very soon, it’s going to have to pick up the pace very quickly.

[“Source-gadgets.ndtv”]

Kevin Spacey just got fired from Ridley Scott’s new movie, a month before its release

Ridley Scott will completely remove Kevin Spacey from his upcoming biopic thriller All the Money in the World — with fewer than two months to go until the movie’s scheduled December 22 release.

According to Deadline, which first reported the news, Christopher Plummer will replace Spacey in the film’s most prominent supporting role. Scott’s drastic choice to cut Spacey from the movie will put it at risk of missing its December 22 release date, thus jeopardizing its Oscar eligibility.

The news follows a wave of sexual assault allegations made against Spacey by more than a dozen people, including multiple accusations of assault on underage victims.

Based on a true story, All the Money in the World details the harrowing 1973 kidnapping of J. Paul Getty’s 16-year-old grandson, J. Paul Getty III (Charlie Plummer, no relation), and Getty’s refusal to comply with the kidnappers’ demands. Spacey was set to play the elder Getty, and the decision to reshoot his role entirely, especially so close to the film’s release date, is extremely unprecedented.

The decision to cut Spacey from the film indicates how drastically Hollywood is reacting to the allegations against the actor

Though there have been other historical instances where an actor has been replaced during a film’s production, recasting a role or conducting extensive reshoots after a film has wrapped is rare, and usually only happens to this extent in the case of an unexpected death — for example, Paul Walker’s brothers standing in for reshoots of Furious 7 after his death.

That Scott and the All the Money in the World’s producers are willing to go to such lengths to essentially erase Spacey’s presence from the film speaks to how seriously Hollywood is taking the allegations of sexual assault that have been levied against him — or at least how desperate many people in the entertainment industry are to distance themselves from a man whose behavior was allegedly a longstanding open secret.

The decision comes after the film’s production studio, TriStar, abandoned what would have been an aggressive marketing and awards season campaign built around Spacey’s performance. The studio additionally pulled the film from what would have been an Oscar-bait slot at the American Film Institute’s November film festival. Regarding that decision, TriStar issued a statement, noting, “All the Money in the World is a superb film … But given the current allegations surrounding one of its actors and out of respect for those impacted, it would be inappropriate to celebrate at a gala at this difficult time.”

All the Money in the World features an ensemble cast including Michelle Williams and Mark Wahlberg. According to Deadline, the decision to replace Spacey and reshoot all of his scenes was “unanimous” among the film’s cast and crew.

Vox has reached out to Spacey’s representatives for comment.

Source:-VOX

Money Is Meant to Be Spent, Not Just Saved

At first, it seems kind of weird that a financial planner should urge you to “just spend the money,” but that’s what I like about author and Certified Financial Planner Carl Richards. He reminds us that money isn’t some vague goal you should work toward. It’s just a tool. And it’s okay to spend it!

Is the Flyboard Air Real or Just A High Flying Stunt?

A new product has been sweeping the web since early April – and most aren’t even sure if it’s 100% legit.

Zapata Racing, a French company, announced on April 8 that it has “achieved the dream of all men” in creating an alien-like hover board, which they have dubbed the ZR Flyboard Air. The hover board claims to be the result of four years of hard work and planning.

The Flyboard Air

A video surfaced online earlier this month of the UFO-shaped device, titled “Flyboard Air Test 1:”

The video begins with a man suited up, speaking confidently to the camera, before he dramatically lowers his visor and takes off on the small platform. At the end of the video, it’s claimed that the board reached 55 km/h and flew for nearly four minutes.

Since this initial video, the Internet has been abuzz with excitement.

flyboard air hover board

Unlike the hover board that got the Internet talking back in October (the Hendo), which used magnets to ‘float’ above specially coated floors, this model allows complete freedom of movement. It even boasts on the product page that the Flyboard Air will have a top speed of nearly 93 mph and elevate riders up to 10,000 ft.

If this is true, that means this personal hover board will move faster than even the fastest unmanned drones, which top out around 80 mph for comparable-sized machines. A lack of detail on the design, control, and a questionably edited promo video, have started to raise some red flags, however.

flyboard air hover board

The company’s site currently doesn’t have a purchase or preorder option for the hover board, and the sudden appearance and big talk has some people appropriately skeptical. For the time being, the claim is that they are “pending government approval” before going forward with mass distribution. There’s also an offer to explore their other ‘jetpack’ options made for flying over water.

These suspect viral videos are peppered with plenty of theories regarding the validity of this hover board, making it clear that whether they think it’s true or a hoax – the Flyboard Air has people talking.

For many people, the idea of flying around like the Green Goblin is tempting enough to hold onto hope.

With the public hungry for the promises of the future we’ve come to expect from Hollywood, hover boards are something guaranteed to catch the eye of a large online audience. However, this also makes them ripe for the exploitation of clever marketing campaigns. Much like Tony Hawks role in promoting the Hendo last year, this could just be a clever and complex promotional stunt.

Real or not, the Flyboard Air certainly has peoples attention.

Images: Video Stills

[“source-smallbiztrends”]