Facebook to enter Digital Payments in India starting with Messenger

Recently, Facebook has been grabbing the attention for the allegation of violating user privacy and misusing personal data. There was not anything to worry about there are some of the Hidden Facebook settings from which you can stop your personal data being stored on Facebook.  A big update is coming for all the facebook users who wish to deals in digital payment instead of cash. News coming from the Factordaily claiming that Facebook is moving into the payment space in India. As per the reports claiming that the two sources close to the development told FactorDaily that Facebook has been continuously working on building a digital payments platform. It will not be so similar to the whatsapp’s payment feature.
The reports claim that the platform will be separate from WhatsApp and will allow peer-to-peer and peer-to-merchant payments option. One can check out its beta version as it has already launched its beta version of recharge payments for mobile phone and other prepaid services on its chat platform Messenger. This news is confirmed by an another source who has seen a demo of the product. As per their experience of this version they have stated that “Recharge is a good way to test the market. The transaction values are small but the volumes are high,” said the source.

WHAT FACEBOOK IS ATTEMPTING TO ACHIEVE?

With the digital payment features, facebook is allowing the users and businesses to be able to buy and sell products or services to any other person. They don’t need to jump out to the other website or platform to make it successful as Facebook lets you do this without wasting much time.
Talking about the features and services, facebook introduced peer-to-peer and peer-to-merchant transactions on Messenger in the US last year. Facebook’s foray into the digital payments space here as an independent entity is not new as it has expanded its services in US, UK and France. Speaking to the FactorDaily, some analysts state that they believe that mobile payments will expand exponentially in India and China over the coming years.
Facebook will test this work with the online prepaid recharges as they believes that recharge is a good way for the social media giant to test the market. There are no word of a stable release of the feature. But they confirmed that if the testing phase goes as planned for Facebook, payments on Messenger could be a thing soon.
For any other updates related to facebook, keep your eyes on our website.
Karim Salem, the writer of this article is an experienced digital marketing professional with a keen interest in writing on Facebook, AOL, Pogo Games updates and more. With all his articles and blogs, he focuses on making the readers aware of the latest as well as upcoming technologies in this domain.
Source: https://247tollfree.com/blog/facebook-to-enter-digital-payments-in-india-starting-with-messenger/ 

Comments

Post a Comment

Popular posts from this blog

How to Download Windows Live Essentials for Windows 10?

Image
Sometimes,while using movie maker and the Windows photo gallery mistakenly the Windows Live Essentials gets deleted from your computer system during formatting. And now, you no longer have support on your system. Because of that, you can face different issues while doing any task. But no need to worry about it since you can easily download. You can get a copy of the Windows Essential Suite. However, it is not an actual suite, but it will perform just like the original on your computer system. Some of the software is not in working on your current of Windows 10. But still, some of the main programs perform the same way as before such as- Windows Movie Maker. Windows Photo Viewer. STEPS TO DOWNLOAD LIVE ESSENTIALS ON WINDOWS 10:- You can download it from the archived web page for your Windows 10. To install the suite and it’s application, you do not need an internet connection. To download and use archived Windows Live Essentials suite 2012, you will need for windows seven at
Read more

How to Disable Chrome URL Auto-Complete Feature on Windows PC?

Image
If you want to revisit any websites then the Autocomplete suggestions. If you already have visited any website from your system, then the Google Algorithm stores show the results to give the future suggestions and also the predictions which are totally based on the loaded web results. Mostly, the autoComplete suggestion allows the users for the quick search, since, Google stores allows the users to search activities to highlight all forecast queries close to what actually the users aim to enter in the drop-down list when any users are typing in the URL search field. However, all the suggestions might not be correct; sometimes a user might waste lots of time by coincidentally revisiting lots of wrongs or unpredicted site which they even didn’t intend to visit. Also, they might not rather the autoComplete suggestions features only to show up to some other guest users like any family, relatives or any of your friends who are using the computer system to access the internet easily.
Read more

How to Fix Webroot Secure anywhere Error 10 and 1168?

Webroot Inc. is an Internet security company, offers cloud-based Internet threat detection solutions for businesses, enterprises, and consumers. The company provides support services and serves network security providers, mobile providers and enterprise customers in North America, Europe, the Asia Pacific. The main focus of the company is to offer real-time advanced Internet threat protection to customers through its products which include the BrightCloud security intelligence platform and the SecureAnywhere suite of security products for corporate networks as well as mobile devices. This article provides information on fixing certain errors related to the Webroot software. The following information may help users if they received such errors. If the errors get fixed after following these steps, then it’s good. If not, it simply means that you need to go for  Webroot Support  for further assistance. WEBROOT SECURE ANYWHERE ERROR 10:- There are several causes of Error 10 whic
Read more