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Facebook Launched New App for Payment Services “Facebook Pay”

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Yesterday, Facebook, the widely used messenger portal, has launched “Facebook “Pay that can be used for payment services across its platforms such as Whatsapp and Instagram. And this can be done even while using the app. The company said the payment on the app can be done through a PIN-based option or biometrics using one’s smartphones. The service shall be made available this week in the US. In the earlier instance, the company said it aims to integrate its messaging infrastructure.

The social networking tool said the company will collect the user’s database such as the payment mode used, date of billing, amount and contact details and the same will be used for showing targeted advertisements to users. Through this app, Facebook Pay accepts most major credit and debit cards, as well as PayPal.Facebook already launched users to send money through the Messenger app. But with Facebook Pay, users will be able to send money via other Facebook apps. To start, it’s rolling out on the core Facebook and Messenger apps, but will be added to Instagram and WhatsApp in the future.

While across the globe, “People already use our apps to shop, donate to causes and send money to each other,” the company said. “Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected.”
It’s also a step towards Facebook’s aim of linking its family of apps together. Earlier this year, Facebook said it’s working on a way to allow WhatsApp, Instagram and Messenger users send messages to each other. Critics see the move as protection against antitrust scrutiny the company has received from government agencies and proposals to break the company up.

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Facebook is set to ban political advertising altogether

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Facebook announces bans on political ads Facebook is reportedly preparing to ban ads in the run-up to the US election in November. Criticism was high that foreign transactions through media advertisements had influenced the last election.

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It is in this context that Facebook has decided to avoid political advertising altogether. Facebook is also sharing concerns about whether banning the ad will result in protests. Zuckerberg, the founder of Facebook, had previously hinted at regulating political advertising.

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Apple manufacturing plants are moving from China to India, Foxconn announced to invest Rs 7,500 crore in India!

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All American companies are leaving their manufacturing plants in China and moving to other countries. As a result, even Chinese companies began to relocate their plants to countries such as India in the interests of their customers. As part of this, Foxconn plans to invest up to $ 1 billion (approximately Rs 7,500 crore) to develop a factory in Sriperumbudur, Tamil Nadu. Foxconn is the company that manufactured and supplied iPhones to Apple.
Foxconn’s latest move comes amid a trade war between Beijing and Washington and the Coronavirus crisis that has hampered iPhone manufacturing. US President Trump has already called for the closure of China’s iPhone manufacturing plants. It is understood that Apple’s move is to slowly abandon manufacturing in China.
A source familiar with the matter told Reuters that Apple is under pressure to remove part of the iPhone from China. A Foxconn spokeswoman said it was not responding to customers’ concerns. It is learned that Foxconn’s planned investment in the Sriperumbudur plant, 50 km west of Chennai, will take place within three years. The plan is to manufacture the iPhone XR from the plant here. A Foxconn spokesman said that Apple was in talks to build some other iPhone models from its plant in India and that all plans were private and details were yet to be decided. The Foxconn plant will employ about 6,000 people. There is also a special plant in the southern Indian state of Andhra Pradesh. Here the smartphones are manufactured in association with the Chinese company Shomi.
Liu Young-Wei, chairman of Foxconn, had earlier said he would increase investment in India. Apple accounts for 1% of smartphone sales in India, the world’s second-largest smartphone market. Making more phones in the country will help Apple save on import taxes.
The central government is working with companies like Foxconn to boost electronics manufacturing. Last month, the government launched projects worth $ 6.65 billion. The government is encouraging five global smartphone makers to set up or expand domestic production plants. Apple’s expanding regional presence with the aim of creating new jobs will give impetus to Prime Minister Narendra Modi’s flagship ‘Make in India’ project.

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Renault Kwid RXL 1.0L Launched in India – Details

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The launch of the new variant comes as the Renault Kwid has crossed the 3.5 lakh sales milestone in India. The price of the new RXL variant with the 1.0-liter engine option with the manual gearbox is Rs 4.16 lakh and for the AMT gearbox option, the price is Rs 4.48 lakh (all prices ex-showroom). The Renault Kwid’s 1.0-liter engine option is a BS-VI compliant 999cc three-cylinder unit that makes 67 bhp and 91 Nm of torque.

The Renault Kwid already had an RXL variant for its 800cc engine-equipped version and the newer addition maintains an identical feature list – which means, the only difference between the two RXL variants will be the engine option.

“The global launch of Renault Kwid was in India and showcased the important role of this country in Groupe Renault’s growth ambitions. Kwid has been an important contributor to our progress in India. With more than 3.5 lakh Kwid families, we are overwhelmed and grateful for the faith that our customers have bestowed in brand Renault. Kwid, which was a breakthrough product in terms of design, innovation and modernity at the time of launch, continues to be a game-changer for us,” said Venkatram Mamillapalle, Country CEO and Managing Director, Renault India Operations.

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