Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings.
Snap shares plunged on Wednesday after the owner of Snapchat reported slower user growth as it competes with copycat messaging apps, as well as a $2.2 billion net loss in its first earnings report as a public company.
Kenyan telecoms operator Safaricom increased its customers to boost its full-year pretax profit by more than a quarter, and it is planning to start an electronic commerce platform to support future growth.
Instant messaging app WhatsApp, owned by Facebook Inc, is mulling a foray into digital payment services in India, its first such offering globally, and has advertised to hire a digital transactions lead in the country.
The majority of UK consumers would not consider using SMS, Facebook, WhatsApp, Web/Live chat, Twitter, Facebook or Instagram when purchasing items, according to a new consumer survey from Aspect Software.