Facebook and Reliance Industries are working together on a new mobile application. According to media reports, Facebook and Mukesh Ambani’s Reliance Industries are teaming up to create a multi-functional app that will feature digital payments, social media, gaming as well as flight and hotel booking. The super app of Reliance and Facebook will be on the lines of the Chinese app WeChat.
What will be the benefit from the super app?
First of all, let us tell you that WeChat app is very popular in China and the reason for this is that from the same app, booking from hotel booking to shopping and railway tickets. The special thing is that with WeChat you can also do chatting like WhatsApp. The biggest advantage of this is that you do not have to have separate apps in your phone for chatting, booking railway, shopping and movie tickets. Only one app will do a lot of your work.
Reliance Industries is also working on the launch of an app on the lines of WeChat, which is currently being called Super App. Through this app, users will be able to buy groceries from Reliance retail stores or Jio.com. Will be able to pay with Geomani. In this app, Facebook will provide all the apps like its messenger, WhatsApp so that people can also chat. This super app of Reliance and Facebook will be able to do things like digital payment, social media, gaming, banking, hotel booking, railway booking.
Facebook preparing to buy 10% stake in Reliance Jio
Earlier last year, Reliance Industries (RIL) announced in October to create a new subsidiary to bring all its digital initiatives and apps under a single entity and invest Rs 1.08 lakh crore in this new unit. Let us know that earlier a report claimed that social media company Facebook is planning to take a 10 percent stake in Reliance Jio, the country’s largest telecom company.
According to a Financial Times report, Facebook is considering taking Reliance Jio’s stake in billions of dollars. Analysts at Barnstine have valued Reliance Jio at $ 60 billion. Reliance Jio and Facebook have not responded to this report. The international newspaper said the lockdown could delay the deal.