WhatsApp Payments are enabled by Facebook Pay, enabling people to use the same credit card information across Facebook’s family of apps.
Using WhatsApp Payments, people can send money securely or make purchases from local businesses directly from their chats.
Brazil marks the first countrywide rollout of WhatsApp’s new Payment feature. It supports credit and debit cars from Banco do Brasil, Nubank, and Sicredi on the Mastercard and Visa networks, and Facebook is working with the country’s leading payments processor, Cielo. The feature is built on an open model to easily add more partners in the future.
Related | Facebook Adds More Countries To Its Blood Donations Feature
In order to start sending money, WhatsApp users in Brazil will have to set a special 6-digit PIN and/or set up fingerprint or face ID recognition. The extra security is required to prevent unauthorized transactions.
Sending money or making purchases via WhatsApp Payments is free-of-charge for all users. Businesses, on the other hand, will have to pay a processing fee to receive payments, much like for usual credit-card transactions.
WhatsApp said in a blog post, “The over 10 million small and micro-businesses are the heartbeat of Brazil’s communities. It’s become second nature to send a zap to a business to get questions answered. Now in addition to viewing a store’s catalog, customers will be able to send payments for products, as well. Making payments simple can help bring more businesses into the digital economy, opening up new opportunities for growth.”
You might also like
More from WhatsApp
WhatsApp Now Lets You Edit Messages Within 15 Minutes Of Sending
WhatsApp announced today it will finally let users edit messages, one of the most anticipated features. You will have 15 minutes, …
WhatsApp Finally Has An App For Your Android Smartwatch
WhatsApp has released an official Wear OS app. Now you can send WhatsApp text or voice messages directly from your …
WhatsApp Introduces 3D Avatars
3D Avatars are now finally available on WhatsApp, months after their debut on Instagram, Facebook, and Messenger. WhatsApp 3D Avatars can …
How To Use The Giannis & Family Sticker Pack On WhatsApp
WhatsApp has released an in-app sticker pack inspired by Antetokounmpo called “Giannis & Family.” Milwaukee Bucks superstar Giannis Antetokounmpo became WhatsApp’s …
WhatsApp May Soon Limit Message Forwarding To One Chat At A Time
A change spotted in WhatsApp beta limits the sharing of regular messages (not just frequently forwarded ones) with multiple chats.
NBA Star Antetokounmpo Becomes WhatsApp’s First Global Partner
WhatsApp announced its first global brand partnership with Milwaukee Bucks forward and 2021 NBA All-Star MVP Giannis Antetokounmpo.
WhatsApp May Soon Be Rolling Out Its Android To iOS Migration Feature
Α new feature allowing users to migrate chats from Android to iOS has been spotted on both OS updates for …
WhatsApp Will Automatically Hide Your Online Status From Strangers
WhatsApp is becoming more private by showing your online status only to your existing contacts, or those you've chatted with …
WhatsApp Starts Testing Cryptocurrency Payments In The US
Whatsapp has launched a pilot program to test the ability to send and receive instant payments with a simple chat …
