Categories: Global NewsWhatsApp

WhatsApp Pay Launches In Brazil

Share

WhatsApp Pay which has been in testing for what seems like an eternity is finally being launched and strangely the launch won’t be in India where it has been tested for over 2 years. Instead WhatsApp Pay is being launched in Brazil.

Beta testers of the feature will be able to send and receive money on the popular chat application.

We’re excited to announce that starting today we’re bringing digital payments to WhatsApp users in Brazil. People will be able to send money securely or make a purchase from a local business without leaving their chat.

advertisement
WhatsApp blog

The feature will be free for normal users but those with business accounts will pay $3.99 processing fee. WhatsApp’s blog post also notes that WhatsApp payments will ride on Facebook Pay which makes sense since this will enable payments across all of Facebook’s other applications (Instagram and Facebook). WhatsApp alluded to this:

Because payments on WhatsApp are enabled by Facebook Pay, in the future we want to make it possible for people and businesses to use the same card information across Facebook’s family of apps.

Initially, WhatsApp payments will support Visa and Mastercards from 3 Brazilian banks and a Brazilian payments processing company – though they mention that the model is open and more partners will be added in future.

Transaction authorisation will require a 6-figure PIN or biometric authentication making it difficult for someone to purchase products using a phone that isn’t theirs.

When can the rest of the world expect this?

WhatsApp hasn’t disclosed which other markets will be getting Payments and that’s no surprise since they have to get government approval and then work with local financial institutions making it a complicated and context-specific feature.


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

Leave a Reply

Your email address will not be published.

Published by
Farai Mudzingwa

Recent Posts

Africa eSports Championships looking for Zim based intern – Here’s how to apply

We recently reported that Africa eSports Championships (AEC) is back for another year and the…

September 23, 2020

Video:This is a $35 fancy looking speaker with a couple of tricks

In this video we check out the Touch Lamp portable speaker. It goes for just…

September 22, 2020

OneMoney added 337 000 subscribers in Q2 whilst other mobile money services struggled – What gives?

POTRAZ Q2 2020 report is out and whilst the mobile money industry generally took a…

September 22, 2020

Forex Auction results, Zim dollar nudges up slightly. Rate at 81.4965

Forex auction results for 22 of September 2020 are in and the Zim dollar has…

September 22, 2020

Zimswitch shares list of shops where civil servants and pensioners can use their NOSTRO cards

Earlier this year the government promised to give Civil Servants a US$75 pay raise. Whilst…

September 22, 2020

Mobile operators had over “500% losses” due to Zim currency crisis

The Post and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) released the abridged sector performance report…

September 22, 2020