Facebook has brought payments to WhatsApp for the first time, starting in Brazil.

Facebook brings payments to WhatsApp, starting in Brazil




Facebook brings payments to WhatsApp, starting in Brazil

Facebook has brought payments to WhatsApp for the first time, starting in Brazil.

The new feature is powered by Facebook Pay, a unified payment service first introduced back in 2018. The company said at the time that it planned to enable the service across its suite of apps, including WhatsApp and Instagram. News emerged earlier this year that WhatsApp payments were going to launch first in India, after gaining approval from local regulators, but it has remained in private beta since then. The Brazil launch marks the first full country-wide launch for payments in WhatsApp and signals a new way for Facebook to monetize the messaging app, after having struggled to do so since acquiring it for around $19 billion back in 2014.

Facebook Pay is currently available in about 40 countries around the world, though it’s limited to the main Facebook app in most markets. The only exceptions to this are in the U.S., where it’s also available through Facebook’s Messenger app, and now Brazil, where it’s also available in WhatsApp. A WhatsApp spokesperson confirmed that the payments feature will arrive in more countries in the future, though they didn’t divulge when or where the rollout may head next.

From today, anyone in Brazil can use WhatsApp to buy goods from local businesses or send money to friends and family without leaving the app — with support for debit or credit cards. Support is initially limited to Banco do Brasil, Nubank, and Sicredi on both the Mastercard and Visa payment networks.
Axact

Yire Fwesh

Vestibulum bibendum felis sit amet dolor auctor molestie. In dignissim eget nibh id dapibus. Fusce et suscipit orci. Aliquam sit amet urna lorem. Duis eu imperdiet nunc, non imperdiet libero.

Post A Comment:

0 comments: