Billion-dollar investments, marquee shareholders, and a business built without any Chinese footprint, India’s 10-month old Jio Platforms appears to have all the right ingredients to become the next big global tech giant. At a time when the world is dealing with a raging pandemic and the global economy is in turmoil, Jio Platforms, a digital …
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 …
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 …
When Facebook CEO Mark Zuckerberg announced on April 24 that the company is actively working on to launch WhatsApp Pay in India, the message was clear to the digital payments leader in the country: Brace for the landfall. The country’s digital payments industry — estimated to hit $1 trillion by 2023 — is going to …
At its Show Time keynote, Apple announced Apple Card, its credit card offering, in partnership with Goldman Sachs and Mastercard. Make no mistake. Apple’s fintech move is significant. The Apple Card strategy is to lure millennials away from traditional credit card play, to new, exciting experiences in financial services, delivered on iPhone apps. Some key …