Reliance Money opens kiosks for Internet trading

17 Apr 2007

New Delhi: Reliance Capital''s stock broking arm Reliance Money has opened web-enabled retail kiosks through which customers can make market transactions.

With this Reliance Capital has become the first Indian company to provide share trading through web-enabled retail kiosks.

Officials said the Internet enabled kiosks will provide the users anytime-anywhere access to Reliance Money''s financial transaction portal through which they can invest in various financial Instruments in a secure environment.

In its first phase, the kiosks would be operational at the retail outlets of Reliance Money, which had commenced operations last week across 700 cities.

The kiosks at various retail chains would be launched in the subsequent phases.

The company has tied up with Wincor Nixdorf, a leading global provider of retail banking IT solution with net revenues of 1.4 billion dollars and presence in 90 countries, for these kiosks.

The 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.

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