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Under the deal, Reliance’s online retail unit JioMart will work together with WhatsApp, which CUSTODIA per APPLE IPHONE X IPHONE XS cover samsung galaxy grand prime g530 (5.8) IN GEL TPU SILICONE counts India as its largest market with 400 million users, to Iphone X Cover Apple connect business owners with their customers.

“In the near future JioMart WhatsApp will empower nearly 30 million small Indian kirana (grocery) shops to digitally transact with every customer in their neighborhood,” Mukesh Ambani, Reliance’s CEO and Asia’s richest man, said in a video statement.

But kirana Cactus Azzurri – Cover Collezione Tutti i Modelli Smartphone Apple stores are largely untapped and unorganized in terms of Cover Iphone X/XS/XR ultra slim :: Itatech e commerce despite forming the backbone of the country’s grocery and food retail industry, worth some $375 billion annually according to the Retailers Association of India.

Services will also be offered across all types of businesses, with Woodcessories – Walnut / Cevlar Cover – iPhone 11 – Wooden Cover Mark Zuckerberg noting in a Facebook post OKZone Cover iPhone XR Custodia Lucciante con Brillantini that India has more than 60 million small businesses.

Though cover samsung j 2 few details cover samsung galaxy a7 2016 were given on what sort of digital services would be offered, the deal could eventually include e payment services, analysts said.

“Both Jio and Facebook want to tap feature phone users; both have been trying to tap payments and both want to increase grassroots adoption,” said Tarun Pathak, associate director at Hong Kong based Counterpoint Research.

WhatsApp has been running a pilot programme in India for its payments platform for nearly two years although it has yet to receive approval due to disagreements x3 cover samsung with the government over where data should be stored.

Facebook India Managing Director Ajit Mohan said on a call with reporters that the collaboration with Jio was not meant to be exclusive.

The deal for 9.99% of Jio Platforms, COVER PER IPHONE XS/ MAX/ XR APPLE TRASPARENTE MORBIDA CUSTODIA which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.

It also provides Reliance with some Custodia iPhone X iPhone X Cover Silicone SainCat Cover per breathing room as its core oil and gas businesses suffer due COVER IPHONE 7 8 Sirenetta Custodia Silicone Morbida Principesse to a slump in demand amid amazon cover samsung s5 neo the coronavirus pandemic.

“With crude prices where they are, the main oil cover samsung tab 4 t535 and gas business will be under pressure. (The Facebook deal) allows APPLE Cover in Silicone per iPhone 6s Verde acqua them to cut some debt, and also establish a valuation for the Jio business,” said Rusmik Oza, executive vice president at Kotak Securities.

Analysts at Credit Suisse said the transaction will put Reliance on course to be net debt free by March 2021, compared with a net debt level of 1.53 trillion Indian rupees ($20 billion) as of end December.

Reliance took EU Ultra Slim Custodia iPhone 10 Protettiva Sottile X Cover on swathes of debt cover azzurra iphone 6 jn9a05d2 – jnktodaynews.com after Jio Infocomm entered India’s crowded mobile market ULTRA Sottile Hard Case Cover Carbonio Design Cover per Apple in late 2016 offering free voice calls and cut price data which helped Cover iPhone 5 e 5C – Annunci Milano it build a massive consumer base and push rivals out of business.

Reliance said Morgan Stanley acted as financial adviser on the deal while AZB Partners and Davis Polk Wardwell acted as legal counsel. Sources familiar with the matter said Facebook was advised by Bank of America. Facebook did not immediately respond to a request for comment.

Reporting by Nivedita Bhattacharjee and Bhargav Acharya in ORNARTO Crystal Clear Cover iPhone 11 PRO Max Estremamente Bengaluru; Additional reporting by Subrat Patnaik in Bengaluru, Sankalp Phartiyal in Custodia Per iPhone 5 / Apple iPhone SE / 5s / iPhone 5 Per retro Mumbai, Katie Paul in San Francisco and Sayantani Ghosh in Singapore; Editing by Gerry Doyle and Edwina Gibbs..