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WhatsApp launched a payment feature in Brazil
WhatsApp, one of the world’s most popular messaging platforms, just introduced a payment option in Brazil, creating some excitement in the financial sector. WhatsApp users in Brazil may now send money to relatives and friends, make payments to local companies, and buy things from WhatsApp catalogues thanks to this functionality. This initiative by WhatsApp has the potential to transform the way people deal in Brazil, and it represents an important step towards a cashless society. This article will look over WhatsApp’s payment features.
In Brazil, WhatsApp recently added a payment function allowing people to pay for products and services within a WhatsApp chat. The latest feature supports Mastercard and Visa debit, credit, and pre-paid cards provided by partner banks and is available to users who download the newest version of WhatsApp from the App Store or Google Play Store.
WhatsApp has revealed in a new blog post on their official website that a new payment function in Brazil is now available, allowing customers to pay for goods and services straight within a WhatsApp chat. This secures the checkout experience, and it will change how small companies purchase and sell on the messaging platform without going to a website, opening another app, or paying in person because payment can be made without leaving WhatsApp.
Users in Brazil may use this tool to search for a company, explore items and services, add them to their basket, and pay with only a few taps:
Advantages of WhatsApp Payment Feature
1. Convenience
Users may send and receive money using the WhatsApp payment function without leaving the app, making it a handy method to deal with. Users may also pay for services nearby and buy things from WhatsApp catalogues, making it a one-stop shop for all of their transaction requirements.
2. Secure
The WhatsApp payment feature uses Facebook Pay, a secure payment system that offers multiple layers of security, including biometric authentication and encryption, ensuring that users’ financial data is protected.
3. Fast
Sending and receiving money using WhatsApp payment is nearly right away, making it a quick way to deal. Users no longer have to wait for bank transfers or carry cash.
As you can see in this screenshot, payment partners supported by WhatsApp Business, such as Cielo, Mercado Pago, or Rede, may be linked to the app, allowing small companies to safely receive payments from their clients. The payment tool now supports Mastercard and Visa debit, credit, and pre-paid cards offered by partner banks, and it will be expanded to more companies in the coming months. WhatsApp’s payment function intends to create a more convenient and improved payment service for every user over time.
Card numbers are always encrypted and securely kept to offer the greatest security experience while utilising this feature, and customers are required to set a Payment PIN and enter it for each payment.
The secure payment option for small companies is now available to Brazilians who download the most recent versions of WhatsApp for iOS and Android from the Google Play Store and the App Store. It should be noted that, as stated in their official blog post, WhatsApp intends to expand its payment capability to other small organisations and countries in the future.
Conclusion
In conclusion, the implementation of the WhatsApp payment system in Brazil is a big step towards a cashless society that has the potential to revolutionise how people deal. The payment feature’s comfort, security, and quickness make it an appealing alternative for users.
Read Also: How to send and receive money through whatsapp?
FAQs
Is WhatsApp payment supported in other countries?
The WhatsApp payment feature is already available in India and, more recently, Brazil. However, WhatsApp intends to roll out the feature in more countries soon.
Is WhatsApp’s payment feature safe?
Secure payment system with various levels of protection, including biometric verification and encryption, to protect users’ financial information.
Can small companies use WhatsApp’s payment feature?
Yes, small companies can accept money from clients through the WhatsApp payment feature.
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