With the addition of Visa’s trusted payment technology, WhatsApp users will now be able to swiftly and securely send and receive money to family and friends, and to make purchases from small businesses on the popular global messaging service. (NYSE:V) today announced that it is working with Facebook to help power the new payments feature on WhatsApp in Brazil. We are waiting to see this feature roll out in other countries, as well.Sao Paulo and San Francisco - J– Visa Inc. With over two billion active users, we believe that company's decision to bring payments is a good option. 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. Businesses will pay a processing fee to receive customer payments, similar to what they may already pay when accepting a credit card transaction. Sending money or making a purchase on WhatsApp is free for people. This is what WhatsApp had to say on their official blog post. Last but not the least, WhatsApp is keeping this model open which will allow more partners to join in the future. Cielo is the leading payment processing network in Brazil. Both Visa and Mastercard networks are supported and the company is currently working with Cielo, as well. In the starting, WhatsApp is going to support both credit cards as well as debit cards from Banco do Brasil, Nubank, and Sicredi. You can authenticate payments using a six-digit PIN or your fingerprint scanner. The company further talks about how they have built this payment system with security in mind. This in result will make the payments simpler, as well as bringing more businesses into the digital economy of Brazil.
Customers will be able to send payments for the products they want to buy, as well.
WhatsApp will now allow people to not only send money, but also view the entirety of the store's catalogues. WhatsApp in Brazil is Now Getting Digital Payments, Which Will Allow People to Send Money as well as Make PurchasesĪccording to WhatsApp, Brazil has over 10 million small and micro businesses, with many people simply messaging businesses directly on WhatsApp for their queries. With that said, the company has now announced that it is bringing a payment system for small businesses in Brazil. The app actually has a different version for business as well, especially for those who want to take things to the next level. But the fact that this messaging app is also one of the best apps for businesses around the world cannot be denied. Granted, we are too busy sending memes to our friends. WhatsApp is one of the best tools for communicating.
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