As of today, people in Brazil can make money transfers directly from the WhatsApp app. The company's press release states that this feature is implemented on the Facebook Pay platform. Users now have the ability to send money from WhatsApp business accounts. This feature is intended primarily to make it easier for small businesses to accept payments.
WhatsApp says that payments are completely secure, and in order to complete a transaction, you will need to verify your identity with a fingerprint or a six-digit password. WhatsApp payment is currently supported by Visa and MasterCard debit and credit cards issued by several major Brazilian banks. It is reported that when transferring between individuals, the commission for the operation will not be charged.
As you know, the transfer of funds to WhatsApp became available for residents of India back in 2018 on a test basis. The fact that the service has now been successfully launched in Brazil gives hope that in the near future money transfer via the popular messenger will become available in other countries. In order to enter the financial services market, a company needs to obtain appropriate permission from local authorities, which takes some time.
It is reported that in the near future the ability to transfer money to WhatsApp will become available in several more countries, but the company has not yet specified in which ones.
Source: 3dnews.ru