COVID-19 has disrupted global supply chains causing supply bottlenecks and sending shockwaves everywhere. Alongside, falling consumer demand due to lockdowns pose a threat, and increasing the risk of a unending downward spiral and unending uncertainties. So, how did FAAMG face upto the COVID-19 threat? The “FAAMG” Five—Facebook, Amazon, Apple, Microsoft, and Alphabet (Google) have a …
At the 53rd annual Consumer Electronics Show, or CES 2020 held at Las Vegas, there were more than 4,500 exhibitors and 170,000 attendees from more than 160 countries. As a bellwether of new technology trends sweeping the consumer technology landscape, the CES this year was high on concepts. AI was everywhere ‘connecting everything’, and in …
Facebook, the world’s largest social media platform, is renewing its focus on payments, with a significant and unified push into payments. The move to launch Facebook Pay comes despite its previous failed attempts at cryptocurrency (read Calibra), and is yet reflective of Mark Zuckerberg’s thinking to monetize the vast social network by focusing on transactions …
The National Payments Corp. of India is reviewing an audit report to ensure WhatsApp complies with local rules. “We have received the data localization compliance system audit report from WhatsApp, which shall be reviewed in the next few weeks,” a Mumbai-based representative for NCPI said, according to Bloomberg. The review will determine if and when WhatsApp can enter the country’s …
Not so long ago, India was off the radar for the famous FAANG group of tech giants who have disrupted the way billions of people communicate, connect, shop and entertain globally. Today, the famous five — Facebook, Apple, Amazon, Netflix and Google — are fighting for space in the “mobile first” Indian market where digitisation …
Facebook-owned WhatsApp is all set to launch its peer-to-peer, UPI-based Pay service for over 300 million users — especially the small and medium businesses (SMBs) — in India sometime later this year, its Global Head Will Cathcart announced here on Thursday. WhatsApp launched a test run of its payments service with one million users in …
Chasing 15 seconds of fame, millions of Indians are hooked to TikTok and the success of the Chinese short video-sharing app — despite controversies and calls for regulation — has forced major digital giants to incorporate short videos on their own platforms. TikTok is available in 150 markets, in 75 languages and has more than 700 million …
Sensing a multi-billion dollar opportunity to improve the cross-border payments system, Facebook is launching its own digital coin called ‘Libra‘ next year which is set to run into rough weather with several governments, including India, not treating cryptocurrencies as legal tender. The move to launch ‘Libra’ comes at a time when Facebook is under intense …
The world truly needs a reliable digital currency and infrastructure that together can deliver on the promise of “the internet of money.” Securing your financial assets on your mobile device should be simple and intuitive. Moving money around globally should be as easy and cost-effective as — and even more safe and secure than — …
Caught in the crossfire of global geopolitics, Huawei on Thursday said things have started looking up for the company with the signing of key 5G deals in the UK and Russia and added that it is “positive” about the future. The world’s second-biggest smartphone seller, which shipped over 205 million units in 2018, also clarified …