Reliance Money launches web trading

Financial distribution company Reliance Money Ltd, promoted by Reliance Capital Ltd, today announced the deployment plan of its internet-enabled retail kiosks to facilitate online trading.


MUMBAI: Financial distribution company Reliance Money Ltd, promoted by Reliance Capital Ltd, today announced the deployment plan of its internet-enabled retail kiosks to facilitate online trading.

The Anil Ambani-led company has ordered 10,000 kiosks from AGS Infotech, a firm specialising in banking and retail segments, a company release said.

In the initial phase, Reliance Money will deploy 2,500 kiosks all over India at outlets like Reliance web-worlds, web express and franchisee outlets of the company.

These kiosks will provide the user access to Reliance Money's financial transaction portal for investing in various financial avenues like equities, commodities, offshore instruments, IPOs and mutual funds, the release said.

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