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Facebook payment Gate Whatsapps

Posted 2020-06-18 06:18:38

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#Facebook is developing 'Facebook Pay' that would work as payment gateway across all the Facebook apps. for example Facebook is rolling out their whatsapp payment system in #Brazil.
Once 'Facebook Pay' is ready and they roll out it across the globe, Will it impact local digital payment gateways (companies)?

Since you know Facebook has almost 1.73 billion active users and #whatsapp around 2 billion. #Google has already launched Google Pay (almost 17 countries). Do you think Facebook and Google will eat most of the small, medium and local digital payment companies with their e-payement solutions?

(Because SMEs and local companies could never compete tech giants)

Your thoughts?

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