The Reliance Jio 4G service is all set to change the land map of the telecom industry in India but it has been revealed that Reliance Jio has created a parallel economy of its own. The Reliance Jio 4G SIM cards which are available for free are being sold in the black market. Yes, you heard it right! The Reliance Jio SIM card is being sold in the market at prices ranging from Rs 500 to Rs 1000 and the demand has been growing since Thursday after Reliance Industries Limited Chief Managing Director Mukesh Ambani disclosed about the tariff plans of the most awaited service.
As the excitement of Reliance Jio’s launch is palpable among Mumbaikars. Dealers are reporting huge inquiries after Jio's chieftain Mukesh Ambani announced free voice calls and data services on its network from September 5 till December 31. For this, The demand is so high that Jio sim cards are selling in the black market . And not just sim cards, even application forms are selling at Rs 100.
The craze for Reliance Jio connection is because it offers you three months of high-speed free internet services, free calls, free movies, free music, free TV shows and much more.
According to reports, experts believe that the Reliance Jio SIM card has sold in the black market across the country including Delhi, Mumbai, Lucknow, Bengaluru, Chennai and much more. After Mukesh Ambani ended his 45-minutes speech at the Annual General Meeting, there was a huge crowd outside several Reliance stores in Mumbai. More than 200-300 people were seen at one store at a time making it a chaotic scene.
A Grumbled Vodafone distributor said, Though Jio's offer is good for customers, it is not good for dealers and distributors. "If all pre-paid customers opt for Jio, we will have no business for four months. We won't get any commissions on recharges".
In most Reliance Digital stores the demand for the Jio SIM cards is so high that the salespersons are asking consumers to leave their phone numbers and come back when they are called. In most cases the delay is between 4 to 5 days. Even after a consumers has got the SIM card, the activation process is taking up to a week.
On Thursday, Mukesh Ambani acknowledged the demand and supply mismatch the company was facing. But said that Reliance has a solution in the form of Aadhaar-based eKYC, which will make the registration and activation of the Jio SIM easier.
"We have redesigned the Jio sign-up experience and made it 100 per cent digital using an Aadhaar based eKYC process. We are rolling this out starting with Mumbai and Delhi, and then the top 8 cities of India where we are seeing the most demand," he said. "Over the next 4 to 6 weeks we will have this process in all our stores. With this digital process, we will have a capacity to acquire a million customers a day. I request all Jio users to kindly bear with us for any inconvenience, until we fully implement this process. We want to make the on-boarding experience for Jio users as simple and delightful as possible."
As the excitement of Reliance Jio’s launch is palpable among Mumbaikars. Dealers are reporting huge inquiries after Jio's chieftain Mukesh Ambani announced free voice calls and data services on its network from September 5 till December 31. For this, The demand is so high that Jio sim cards are selling in the black market . And not just sim cards, even application forms are selling at Rs 100.
The craze for Reliance Jio connection is because it offers you three months of high-speed free internet services, free calls, free movies, free music, free TV shows and much more.
According to reports, experts believe that the Reliance Jio SIM card has sold in the black market across the country including Delhi, Mumbai, Lucknow, Bengaluru, Chennai and much more. After Mukesh Ambani ended his 45-minutes speech at the Annual General Meeting, there was a huge crowd outside several Reliance stores in Mumbai. More than 200-300 people were seen at one store at a time making it a chaotic scene.
A Grumbled Vodafone distributor said, Though Jio's offer is good for customers, it is not good for dealers and distributors. "If all pre-paid customers opt for Jio, we will have no business for four months. We won't get any commissions on recharges".
In most Reliance Digital stores the demand for the Jio SIM cards is so high that the salespersons are asking consumers to leave their phone numbers and come back when they are called. In most cases the delay is between 4 to 5 days. Even after a consumers has got the SIM card, the activation process is taking up to a week.
On Thursday, Mukesh Ambani acknowledged the demand and supply mismatch the company was facing. But said that Reliance has a solution in the form of Aadhaar-based eKYC, which will make the registration and activation of the Jio SIM easier.
"We have redesigned the Jio sign-up experience and made it 100 per cent digital using an Aadhaar based eKYC process. We are rolling this out starting with Mumbai and Delhi, and then the top 8 cities of India where we are seeing the most demand," he said. "Over the next 4 to 6 weeks we will have this process in all our stores. With this digital process, we will have a capacity to acquire a million customers a day. I request all Jio users to kindly bear with us for any inconvenience, until we fully implement this process. We want to make the on-boarding experience for Jio users as simple and delightful as possible."
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