WhatsApp payments service launched in Brazil

June 16, 2020 | FinTech

Written by FinTech Alliance

WhatsApp payments service launched in Brazil

Facebook, which owns WhatsApp, has launched a payments service on the platform.

In Brief:

  • People can send money and make purchases within the WhatsApp app.

  • This is the first country where the service will be fully rolled out.

  • It has been testing payments in India for a couple of years.

What does this mean?

Facebook says it wants to make payments “as easy as sharing photos” – users will be able to send money to their WhatsApp contacts and authorise it using a PIN or biometrics. At the moment people will be able to link various Visa and Mastercard debit cards to their WhatsApp account.

Read more here.

 

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