Facebook has planned to invest Rs 43,574 crore in Jio, a unit of Reliance Industries Ltd (RIL), for a 9.99% stake it is not just a back plan of mind but a very strapping indication of India’s economic importance after the crisis. India will be exceedingly benefited by this plan.
Facebook, led by Mark Zuckerberg, has bought a stake worth Rs 43,574 crore in Reliance Jio led by Mukesh Ambani. The mixed power of Jio’s efficient digital connectivity platform and Facebook’s inward relationship with the Indian people will offer innovative ideas and solutions to everyone.
WhatsApp Pay is soon going to launch by Facebook. It will be a UPI-based e-payment service that will enable all to transfer the amount within the app itself. The task will not be that tough, as the users only have to link their accounts with the UPI system.
It can be easily assumed that after Mark Zuckerberg introduces WhatsApp Pay there will be a tough competition between the other payment Apps such as Paytm, phonepe, and GPay a Product of Google.
It will be difficult to sustain in the market without any new marketing strategy and planning for other payment Apps.
How WhatsApp is Exceedingly Profited? Any answer!
So if we talk to the point, after this Reliance Facebook deal, Jio has already started to test is Jio Mart services in different locations of Mumbai such as Thane, Kaylan, etc. Services such as grocery delivery, medicine at doorsteps, and various other services are being carried out through WhatsApp, and payment will be accepted through Whatsaap Pay. It is also been planned that the whole scenario will be executed in different parts of India very soon.
As we know, India currently has more than 400 Million WhatsApp users, which is nearly equal to the customer base of Reliance Jio hence to be very simple in terms, the Reliance Online business plan is presently coming into place.
So the entire process goes like this-
To get accustomed to the WhatsApp facility first, you have to save the Reliance Mart’s customer service forum number i.e. 8850008000.
Then open your WhatsApp and send a ‘Hi’ to that number. You will be getting a reply saying, ‘Welcome to Jio Mart online Shopping’ followed by a link.
Note — this link is valid only for 30 minutes.
Once you open the link, you have to put all your personal details needed for the order to get placed such as Name, Address, and your Email id. As soon as you are done with that, a page will generate having all the grocery and household items, now you just have to select the items that you want to buy and add it to cart.
So the next question will be, What about the Payment Method?
So if we say about the payment, then it is very simple and secured, as the amount you need to pay Online.
Soon after placing the order, you will be getting your billing details on your WhatsApp number with the store name and address. You just have to Pay through the UPI Portal.
So the next question will be, What about the Payment?
Right?
So if we say about the payment, then it is very simple and secured, as the amount you need to pay Online.
Soon after placing the order, you will be getting your billing details on your WhatsApp number with the store name and address. You just have to Pay through the UPI Portal.
Also, WhatsApp will come into the figure very soon, everything is going to happen on a single click!
So India is getting digitized day by day.
Last but not the least if we talk about the Indians or how do we people are benefited through this, the first thing that comes in my mind is that — it is a tremendous way to enter into business and electronic payments services.
It can be expected that the WhatsApp facility that has been started in Mumbai will soon take a huge aspect and the day is not too far when we, the people from other parts will also be known to this.
Moreover, WhatsApp alone is connected to many small businesses, and it can be assumed that Black Money will stand as impossible after a few days, as everything will be detected through e-platforms.
Therefore, we could conclude that whichever path they are choosing there will be some impacts (both positive and negative) with respect to consumer base as well as the market baseline, but in the near future as the stake rises there can be seen many such deals between the rich forums, hence we need a data regulator to safe and control our privacy and security.
By: Tanusree Mukherjee