[ad_1]
Khabar Onlinedesk: Facebook has invested Rs 560 crore in Reliance Jio. With this, they bought 9.99 percent of the shares in Mukesh Ambani’s company. With this, Facebook became Reliance Jio’s largest minority partner.
WhatsApp, Facebook’s ‘messaging platform’, is known to work alongside ‘Jio Mart’, Geo’s e-commerce platform.
WhatsApp is about to launch its own ‘digital payment’ services in India, such as Google Pay and PayTM. It goes without saying that Google Pay and Paytm will be in great competition as a result. The question of buying Geo shares also came up.
Around 400 million people use WhatsApp in India. WhatsApp represents approximately 80 percent of all smartphone users in India.
It’s worth noting that Mukesh Ambani brought Reliance Jio to the market in late 2017. The company quickly became popular with smartphone users with offer after offer.
The news that Facebook is going to buy a 10 percent stake in Geo came out last month. But Geo and Facebook have been slow to sign the deal due to travel bans worldwide.
————————————————
