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2020-06-16

WhatsApp updated with payment features in Brazillian Market

Image:-whatsapp

Facebook, which owns the WhatsApp messaging platform, has implemented payment options in Brazil for WhatsApp users. With more than 120 million users, Brazil is the second largest market.

The company announced on Monday that customers can do payments on WhatsApp supported by Facebook Pay.

We also allow small firms to sell directly within WhatsApp, "said Facebook CEO Mark Zuckerberg in a Facebook posting." We can also send and receive money as easy as sharing photos. "We build on Facebook Pay in order to do this, and this provides a safe and consistent way of paying from our apps. Brazil is the first country to receive payments in WhatsApp on a large scale. More to come in the near future! "

It should be noted that Facebook planned to launch its WhatsApp Pay feature in India initially. In 2018, the testing began, but it could not be carried out due to a regulatory struggle. Brazil was therefore chosen by the company over India.

This is how WhatsApp payments works

"Sending money or shopping at WhatsApp is free," said WhatsApp. " However, companies pay the processing fee, similar to what they can pay in acceptance of credit card transactions, to receive customer payments.

No rollouts of payment features in any other country have yet been announced by Facebook. With over 2 billion users, WhatsApp is one of the world's most popular social networking applications. For more than $19 billion in 2014.

Article Edited by | Jhon H |

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