A New Way to Pay - WHATSAPP Digital Payment Service!

A good news for the people who doing their businesses over Whatsapp & Facebook. Go online also with these features.

A New Way to Pay - WHATSAPP Digital Payment Service!

WhatsApp launched its Brazilian digital payment service as the messaging app capitalizes on its popularity in emerging markets. WhatsApp has released this in-app payments feature after developing a trial version in India, the firm revealed on Monday (via TechCrunch) in a blog post. Payments are allowed through Facebook Pay, which Facebook parent company said last year would roll out to Instagram, Messenger, Twitter and eventually WhatsApp.

 

The company said in the post;

“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,”

“Because payments on WhatsApp are enabled by Facebook Pay, in the future we want to make it possible for people and businesses to use the same card information across Facebook’s family of apps”

The blog also said that, while payments from person to person will be free small businesses will have to pay a "processing fee to receive payments from customers.” Users must connect a credit or debit card to their WhatsApp account, and transactions are either secured with a fingerprint or a six-digit PIN. The firm says it will help Banco do Brasil, Nubank, and Sicredi debit or credit cards, and it's collaborating with Brazilian payment processor Cielo.

WhatsApp has 120 million users in Brazil, which makes the nation its second largest after India. The company has trialed payment service already in India, where it has 400 million users. In April, Facebook revealed it had purchased a 10 percent stake for $5.7bn (£4.5bn) in the Indian telecoms company Reliance Jio. That option gives Facebook a strong ally in Mukesh Ambani, president of Reliance Jio, who is the richest man in Asia.

WhatsApp was purchased by Facebook in 2014 for around $19 billion. The messaging app has had more than 2 billion users as of February.