Facebook co-founder and CEO Mark Zuckerberg (Mark Zuckerberg) said on Tuesday that India is a very special and important country with an excellent entrepreneurial culture. He is trying to further promote the payment service that has just been launched and make users Payment can be made through WhatsApp.
Last month, Facebook-owned WhatsApp was approved by the National Payment Corporation of India (NPCI) to launch its payment service in India. In 2018, WhatsApp began testing UPI-based payment services in India. This is the world’s first case with approximately 1 million users.
Zuckerberg said in an interview: “We just launched WhatsApp payment in India last month. Now you can send money to your friends and family via WhatsApp as easily as you send a message. This may be due to India’s established UPI system.” Fireside chat with Mukesh Ambani, Chairman of Reliance Industries.
He said that the Unified Payment Interface (UPI) makes it easy for anyone to instantly accept payments in different applications.
Zuckerberg said of Dhirubhai Ambani’s vision of building affordable connectivity in the country: “…Nowadays, Indians can communicate with each other without the cost of a postcard, and this is what we are in messaging What I tried…” I hope we can do this and realize payment and enable people to use India’s new UPI system. I think this is good. “
After obtaining NPCI’s approval, WhatsApp started its payment service in the country in a “tiered” manner. First of all, the largest registered user of UPI was 20 million. WhatsApp regards India as the largest market with more than 400 million users, and it will compete with India’s Paytm, Google Pay, PhonePe and Amazon Pay owned by Walmart.
In April of this year, Facebook announced an investment of US$5.7 billion (approximately Rs 419 billion) in Jio Platforms.
Mukesh Ambani said: “I did not hesitate to record that it is your investment that determines the development of things. Not only for Jio, but also for India’s FDI is the largest ever.” He added, The partnership between Jio and Facebook will “actually prove that this is very good for India, Indians and Indian small businesses”.
Ambani said: “And I believe Mark, in the next few months and years, our actions will be louder than our words.”
Ambani said that technology and all the digital steps that India has taken will democratize the creation of wealth and value for individuals and small businesses.
Ambani pointed out that WhatsApp and Jio have hundreds of millions of subscribers in India, and Jio Mart retail services are eager to “serve thousands of small shopkeepers in India, which is the cornerstone of employment.”
“This means that Jio brings digital connectivity. WhatsApp now brings digital interactivity with WhatsApp Pay and the ability to complete transactions and create value. Jio Mart brings unparalleled online and offline retail opportunities, which makes Our small shops are all over villages and small towns in India. This is a digital world with the same opportunities as anywhere else in the world,” he added.
Zuckerberg said that India has introduced many innovations in the fields of education and financial inclusion, and the decisions here affect global discussions about how technology can bring more economic opportunities and better results for people and businesses.
He said that India is an important country for social media giants, and many new features introduced in its various products have been tested here first.
“India is building local and technological capabilities to promote innovative new business models and provide digital and financial inclusion for Indian citizens. Therefore, the decisions made here affect how technology can drive more economic opportunities and better Global discussion of results. Serve people.” He said.
Zuckerberg also said that many Indian organizations are leading the way in using technology to build safer communities and more inclusive financial systems.
“Whether it is in the fields of social business, education or financial services, many innovations have taken place here. We are proud to work with some teams to tackle these important challenges… India is a very special and important team in our country.” He said.
Zuckerberg said that millions of Indians use its products (Facebook, Messenger, Instagram, and WhatsApp) every day to stay in touch, so millions of small businesses across the country are using WhatsApp Business and Messenger to attract customers to manage orders And develop business.
“…Our business is to provide services to small businesses, and no place is more authentic than India. This is especially important because small businesses here will be a key part of the future global recovery. We are committed to ensuring that we build the best for them Good tool.” He added.
He also said that the company is committed to ensuring that the technology is “available to everyone,” which is one of the reasons for the collaboration with Indian telecom giant Reliance Jio, which “plays in the process of benefiting thousands of Indians. Played a key role in the “Internet” and cultivated this entrepreneurial culture.
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