JioPhone Next may go on sale for as low as Rs 500 on September 10

JioPhone Next release date is likely September 10 and the phone is going to be available through many payment modes.

JioPhone Next, the ultra-affordable, Google-backed smartphone from Reliance Jio, is due for launch later this month. Slated for a September 10 release, the JioPhone Next is going to be more affordable than most smartphones that you see on the market. But, over and above the regular purchase of the JioPhone Next, the company wants to give people different options in what seems like an elaborate sales structure. One of them will let people buy the JioPhone Next for as low as Rs 500, but there is a caveat here. According to ET Now, Reliance Jio will partner with a slew of Indian banks and lending partners to be able to sell the JioPhone Next through different payment modes. The telecom company is likely to collaborate with the State Bank of India, Piramal Capital, IDFC First Assure, and DMI Finance. The goal that the company has set is to reach 10,000 crores in business by selling 50 million units in the next 6 months, so it becomes necessary for the company to diversify how it will sell the JioPhone Next.