Facebook, Wal-Mart and Amazon will enter E-commerce market in direct competition

Facebook will launch a soft launch of its marketplace website in India in the beginning of the month of June. Along with that, he has also started testing his e-commerce website.

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New Delhi: Facebook is now fully prepared to get entry in the e-commerce market after entering India's payment sector with the help of WhitesAP. Where his collision will already be held in the market, Wal-Mart and Amazon have gathered.

Social media giant Facebook is talking to a variety of brands to spread its business completely. Facebook will launch a soft launch of its marketplace website in India in the beginning of the month of June. Along with that, he has also started testing his e-commerce website. Facebook will develop new tools for this, making it easy for companies to upload their products and manage stock. The Facebook payment system will also start at the end of this year.

Facebook will create space in the market with the help of new methods

Facebook has confirmed that he is testing ways to showcase goods from the stores in his marketplace. A spokesperson of the company said, "We had first brought marketplace to India in November last year, after which we are constantly developing and developing the needs of the people and learning from their experience. We will continue to connect people with e-commerce with the help of such new methods. "

Although Facebook launched its marketplace 6 months ago, it was a Consumer-to-Consumer (C-to-C) and had the intention to compete with OLX and Quikr. But that did not succeed. Now the company will translate this marketplace into an e-commerce website completely.

Let us know that e-commerce market in India will cross 200 billion dollars by 2026. It was earlier $ 19.6 billion, after which it is expected to cross 27 billion dollars.

Amazon and Walmart to get a direct fight

Independent Product Consultant Srinath V said, "Facebook's marketplace will target the Indian market. Industry Expert said that vendors will take some time to identify the social network. Where onboarding vendor on Facebook can be a challenge. He further said that the Facebook marketplace will compete with Flipkart and Amazon because all are fighting for the same customers. But this is a good news for brands and sellers as it will create a channel for those people too. "

Facebook Marketplace is available in 70 countries, where about 800 million people come to buy and sell goods every month.