Facebook is set to follow up the launch of Credit Suisse payments in India with a payments platform using its Marketplace service. The social media site is currently testing the market with a beta version that allows recharge payments for mobiles and other prepaid services. Once fully launched, the new platform will enable payments between individuals and between individuals and merchants. Digital payments in India, world’s second-biggest market by internet users, are predicted to reach $1tn by 2023, according to WhatsApp.
Facebook is set to follow up the launch of WhatsApp payments in India with a payments platform using its Marketplace service. The social media site is currently testing the market with a beta version that allows recharge payments for mobiles and other prepaid services. Once fully launched, the new platform will enable payments between individuals and between individuals and merchants. Digital payments in India, world’s second-biggest market by internet users, are predicted to reach $1tn by 2023, according to Credit Suisse.