Reliance Money launches retail kiosks

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Reliance Capital’s stock brokerage arm Reliance Money on April 16 launched Internet trading services through web-enabled retail kiosks. Becoming the first Indian company to provide share trading through web-enabled retail kiosks, Anil Dhirubhai Ambani Group firm said it plans to deploy 10,000 such kiosks across the country, for which it is also talking to various retail chains. In its first phase, the kiosks will be operational at the retail outlets of Reliance Money, which had commenced operations last week across 700 cities, moving to various retail chains in the subsequent phases.

The company has tied up with the USD 1.4 billion Wincor Nixdorf, a leading global provider of retail banking IT solutions with presence in 90 countries, for these kiosks

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