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Facebook not yet ready with digital payments on Messenger in India

When launched, the new payments feature is set to give a tough competition to Paytm and other digital payment services like Google Tez

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Facebook unveils new VR headset 'Oculus Quest'. Pixabay

Facebook has no plans as of now to bring digital payment facility to its Messenger application in India, informed sources said on Thursday. “There are currently no tests planned for recharges or peer-to-peer payments on Messenger in India,” the sources told IANS.

Factor Daily had reported that Facebook has begun a beta version of recharge payments for mobile phone and other prepaid services on Messenger. “Mobile recharge option is a Facebook ‘Marketplace’ offering — which is actually going on as a pilot test which is right now available to only Android users in some regions,” the sources added.

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Facebook has many fake profiles. Pixabay

Launched in 2016, Marketplace is a user-to-user exchange platform for buying and selling goods with others within the community. Currently, the peer-to-peer payment service on Messenger is available for its users in the US and the UK.

More than 1.3 billion people around the world are now using Facebook Messenger every month. The growth of Messenger now puts the app at par with Facebook-owned WhatsApp which also has over 1.3 billion monthly active users (MAUs). WhatsApp, however, has rolled out the testing phase of its digital payment feature in India — a first such move globally — which will be officially rolled out to its over 200 million Indian users in the days to come.

Also Read: Facebook introduces new privacy updates for EU users

When launched, the new payments feature is set to give a tough competition to Paytm and other digital payment services like Google Tez. The payments feature would take advantage of UPI (Unified Payments Interface) and include support by a number of banks, including the State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank. IANS

Next Story

Social Media Giant Facebook Hiring Experts For its Blockchain Division

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square

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A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Social-networking giant Facebook is seeking executives to work in its secretive Blockchain division and to work on the company’s own blockchain applications and cryptocurrency.

Facebook has listed 22 vacancies on its Careers page for the division including openings for lead commercial counsel, product manager, finance analyst, data engineer and threat investigator among others.

The listings suggests that Facebook is particularly focused on recruiting experts in marketing, interface design, product management, software engineering, and legal fields concerning Blockchain.

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A smartphone user displays a Facebook newsfeed .VOA

The company already has a team of 50 people working discreetly in a secretive corner of its Menlo Park head office, The Next Web reported on Monday.

“If Facebook’s blockchain hiring spree continues, its team could be in the hundreds before the end of the year” the report said.

Also Read- Tech Giant Google Letting Android Users Create Events on Maps

Lately, several companies have been looking to add new streams of revenue to their business models and Blockchain has emerged as a popular choice to boost businesses.

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square. (IANS)