Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

WhatsApp launches digital payments in Brazil

Payments on WhatsApp are beginning to roll out to people across Brazil beginning today and we look forward to bringing it to everyone as we go forward

Photo Credit :

1579444505_hXlNNw_WhatsApp_logo.png

After testing a beta version in India, WhatsApp on Monday announced that it has launched in-app payments in Brazil.

The payments are enabled through Facebook Pay and require no fees from consumers to use the payments service but merchants will pay a processing fee to receive payments.

"Payments on WhatsApp are beginning to roll out to people across Brazil beginning today and we look forward to bringing it to everyone as we go forward," the company said in the post.

Users need to link a credit or debit card to their WhatsApp account, and transactions are secured with either fingerprint or a six-digit PIN. The company says it will support debit or credit cards from Banco do Brasil, Nubank, and Sicredi, and it is working with Brazilian payments processor Cielo, The Verge reported.

Facebook acquired WhatsApp for about USD 19 billion in 2014. As of February this year, the messaging service had more than 2 billion users. 

(ANI)

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Tags assigned to this article:
whatsapp payments brazil Facebook Pay digital payments

ANI

ANI

More From The Author >>