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In a blogpost, Facebook-owned WhatsApp emphasised that it does not share users' contact lists or data of groups with Facebook for advertisement purposes.
PhonePe's fundraising, from Flipkart investors led by Walmart, will give it a valuation of $5.5 billion, the company said in a statement.
Paytm, which is also backed by SoftBank Group Corp among others, was valued at about $16 billion during its latest private fundraising round a year ago. At that valuation, Ant's stake in the Indian firm is worth about $4.8 billion.
WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc's Google Pay.
Here are some events that should open your eyes and make you aware of the dangers that lurk online.
Although Google, owned by Alphabet Inc, has worked closely with India's booming startup sector and is ramping up its investments, it has recently angered many tech companies with what they say are unfair practices.
Launched a decade ago as a platform for mobile recharging, Paytm grew quickly after ride-hailing firm Uber listed it as a quick payment option.
The incident comes after several Twitter accounts of prominent personalities were hacked in July.
Experts opine that Amazon's sheer muscle does not necessarily mean it can succeed in a market as huge and complex as India.
Google Pay, which enjoys a 42 per cent market share (2019 data), is likely to see the most upheaval after the new NPCI guidelines. This, Onmanorama believes, is the reason why the popular digital wallet platform has suddenly disappeared.