Instagram Makes Serious Money Moves With New Payment Feature

Instagram Makes Serious Money Moves With New Payment Feature

WhatsApp's CEO Jan Koum might leave WhatsApp, as the differences between his and Facebook's views widen, upon user's privacy issues. These changes will be rolled out for the Android version of the app in the near future. In case you aren't aware, Instagram is owned by Facebook, just like WhatsApp.

Meanwhile, talking of Facebook, the company will soon have the dating feature, allowing users to make a separate profile visible only to non-friends, who also opted for the same dating feature. And there is no official information that when this feature will be able for Indian users.

The app update also features new group administrator functions - if you're the group admin of a group, you can now revoke rights from other participants by simply selecting the user in "Group Info" and then selecting "Dismiss As Admin". Even the company spokesperson confirmed it that the feature is live for a set of users.

In March a year ago, Instagram had announced that it planned to provide business profiles an option to allow users to book services directly on the app. This feature was earlier rolled out for YouTube videos.

Chemical Bank Sold 2335 Shares of Southwest Airlines (NYSE:LUV)
Chemical Bank's holdings in Southwest Airlines were worth $1,933,000 at the end of the most recent reporting period. Among 20 analysts covering Southwest Airlines Co . (NYSE:LUV) earned "Buy" rating by Stephens on Tuesday, April 17.

To use the payments feature, Instagram users can head to the Settings option in the app and add their card details.

If the native payments feature works out well, Instagram can turn into a major player in online retail. WhatsApp recently introduced the feature and is now in testing phase. Snapchat's Snap Store is basically a merchandise store within the app that allows users to purchase things within the app. There's a neat trick to open WhatsApp chat without opening the app. Currently, Snapchat is shipping products to the United States only, with some new products expected to be added soon. Furthermore, with that amount, of active users daily, the impressions per ads, might easily pass facebook's daily impression rate per user.

"As 800 million use Instagram each month to discover and follow their passions, more and more people are using it to connect with businesses they love", Instagram said in a blog post celebrating reaching 25 million listed businesses last November.

Related Articles

  • Steven Gerrard confirms Gary McAllister will be his assistant at Rangers

    Steven Gerrard confirms Gary McAllister will be his assistant at Rangers

    And it appears Liverpool will lure one of their former players to head the position in the shape of Robbie Fowler. However, the resources Gerrard will have to work with could not be more contrasting.
    Officials identify woman fatally shot in Mill Valley

    Officials identify woman fatally shot in Mill Valley

    The Marin County Sheriff's Office said that the 71-year-old suspect was a tenant of the apartment complex at 939 E. Two victims were hospitalized in the attack, according to the department.
    Federal Health Officials: 1st Death Reported In Romaine Lettuce E. Coli Outbreak

    Federal Health Officials: 1st Death Reported In Romaine Lettuce E. Coli Outbreak

    The CDC updated its numbers on the outbreak Wednesday, revealing that 121 people had gotten sick in 25 states . The source of the whole head romaine was traced back from the prison to Harrison Farms Inc.in Yuma, AZ.
  • Tony Bellew stops David Haye in fifth round of rematch

    Tony Bellew stops David Haye in fifth round of rematch

    On Saturday night he kept his word as he unleashed the pain of a bad year on Haye in the heavyweight rematch at the o2. He waited for the Londoner to miss wildly with a right then pounced to deliver two booming right hands.
    Rapper Jay-Z Subpoenaed In SEC Probe Into Rocawear Deal

    Rapper Jay-Z Subpoenaed In SEC Probe Into Rocawear Deal

    In Thursday trading, Iconix shares were plunging - which is usually the impact of an SEC investigation into potential shadiness. He was later send a second subpoena and failed to appear and declined to provide dates for investigative testimony.
    Tesla sued for $2 billion lawsuit alleging violation of patents

    Tesla sued for $2 billion lawsuit alleging violation of patents

    A Nikola spokeswoman said via email that the company won't provide additional comment on the lawsuit , which "speaks for itself". By August 2016, Nikola said it had more than 300 orders totalling over 7,000 trucks-a value of $2.3 billion.
  • Women Sue Charlie Rose, CBS News Alleging Sexual Harrassment

    Women Sue Charlie Rose, CBS News Alleging Sexual Harrassment

    Harris says she once wore a mini-skirt with roses on it, and the ex-" CBS This Morning" anchor said they were HIS roses. Rose reveal their stories it becomes clear, that the future may bring other lawsuits against the former CBS star.
    Non-friends Saudi Arabia and Qatar draw same Asian Cup group

    Non-friends Saudi Arabia and Qatar draw same Asian Cup group

    The last result was a 10-0 win by Korea in 1991 in Seoul. "It's a big honour to be hosts, but it will be very, very hard ". Next year it will be the first time that 24 teams will feature in the tournament that will be played over 28 days.
    US, China dampen expectations as trade talks open

    US, China dampen expectations as trade talks open

    He said in an open meeting in March that during his visit to Washington both sides agreed there can not be a full-out tariff war. But the divergent USA trade delegation is likely to have differing views on the merits of such an offer.
  • Taylor Swift visits 8-year-old burns girl

    Taylor Swift visits 8-year-old burns girl

    The Arizona Republic reports the pop star showed up unannounced Saturday at the Arizona Burn Center to see Isabella McCune. However, McCune has used Swift's music as inspiration and way to help her get through the excruciating treatments.
    Real's Bale denies 10-man Barca win in feisty Clasico

    Real's Bale denies 10-man Barca win in feisty Clasico

    Ronaldo appeared to sustain a knock to his ankle as he bundled home a 14th-minute equaliser for Real at the Camp Nou. The fourth El Clasico of the season ended in a draw after both Real Madrid and Barcelona scored two goals each.
    The interior Minister of the United Kingdom  resigned

    The interior Minister of the United Kingdom resigned

    Javid, a lukewarm campaigner to stay in the bloc, replaces Amber Rudd, one of the cabinet's most outspoken pro-European members. The views of Mr Javid, the son of an immigrant bus driver , on migration are notably more liberal than those of Mrs May.