WhatsApp currently has over 2 billion active users in 180 countries and very soon they would soon be able to send and receive payment.
For now, they would have to wait before the new messaging app’s payment service reaches them.
But, beginning today, select Brazilian WhatsApp users will gradually start seeing the payment option on the app, where they can set up an account by adding their Visa card to start sending and receiving money.
For small businesses to be able to receive payments from customers, they simply need to create a WhatsApp Business app account.
Facebook, the owner of WhatsApp is working with Visa to roll out the payment service. The payments are made possible by tapping into the capabilities of Visa Direct, Visa’s real-time push payments technology, and Visa Cloud Tokenization.
“We are very excited to bring payments on WhatsApp to our users across Brazil. Making it easier to send and receive money could not be more important than at a time like this,” said Matt Idema, WhatsApp’s Chief Operating Officer.
“Small businesses are the backbone of the country. The ability to easily make sales right within WhatsApp will help business owners adapt to the digital economy, support growth, and financial recovery.”
“As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Chief Product Officer, Visa.
“Using our technology to open up avenues like WhatsApp for more people to shop and pay each other digitally is an incredibly powerful proposition that we’re excited to bring to life.”
“This is an exciting milestone for Visa, as it’s exactly how we strive to make payments easier for our partners – by harnessing our powerful products to help global technology platforms like WhatsApp enable compelling payment experiences,” continued Forestell.
Source: Musa Suleiman