Financial implications:
Reliance Facebook deal will reduce the debt burden of the Jio Platform Limited(JPL) a holding company of reliance industry.Supply Chain Perspectives;
Reliance has launched Jio Mart a business to Business platform for connecting Kiranna stores digitally. Now, after the Facebook deal, Jio mart will be using WhatsApp pay for payment solutions.It means Kirana stores can order merchandise from Jio Mart, pay via WhatsApp pay and deliver the products to customer doorstep. Thus, bringing unorganized retailer into the e-commerce business(1).Customer will get the same day door delivery unlike he has to travel to the store for shopping or picking the goods(2). This will empower millions of small neighborhood stores in India
Customer Perspectives:
Customer data consumption will increase. online shopping and online payments will see rapid growth(4)Privacy Concerns
Both Facebook and Jio have huge customer private information. Cross leveraging may lead to privacy issues(1)The deal may lead to net neutrality. In this situation, Jio may give preference to Facebook and Whats App or vice versa that many netizens expressed their fear
Others
The Facebook -Jio deal will bring less legal hurdles to Facebook's much awaited payment system
References
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