After a test phase in India, WhatsApp announces today that its payment service is now available within its application. It is now available in Brazil and it is not yet specified when it will be launched in the rest of the world.
WhatsApp finally allows you to send and receive money for free
Users can send or receive money through Facebook Pay. Facebook has already said that Facebook Pay will land in its various applications and this is precisely the case today with WhatsApp. There is no charge for sending or receiving money between individuals (at least for now). On the other hand, businesses must pay a 3.99% commission to WhatsApp.
Users must link their bank card to their WhatsApp account and transactions are secured by the fingerprint sensor or a six-digit PIN code.
It will be interesting to see if success will be there. As a reminder, WhatsApp has more than two billion users worldwide. Brazil is one of the countries where everyone (or almost everyone) uses WhatsApp to chat. This system of sending and receiving money could, therefore, do a lot of harm to the competition.
“Payments on WhatsApp are starting to be offered all over Brazil from today and we look forward to sharing it with everyone in the future,” says WhatsApp team on the official blog.