Where the world is rapidly shifting towards digitalization. There Facebook-owned messaging app Whatsapp has also introduced its Digital payment Service. This Facebook Powered service will provide users a platform to send & receive payments. Authorities have chosen Brazil as a launching spot with having 120 million users. Before that, the company has tested its beta service in India.
So now, we can expect the service to be available soon in other countries of the world. The addition of this new payment service in the Digital Catalog is absolutely a remarkable achievement. As we know, Whatsapp already owns a large scale market all over the world. It surely will be advantageous for them to bring it up more easily. Let’s move towards some internal details of this service now.
Whatsapp Digital Payment Service
If you are reading the post from Brazil, you can avail this Digital Payment Service from now. As Company says, “Payments on WhatsApp are beginning to roll out to people across Brazil beginning today and we look forward to bringing it to everyone as we go forward.”
One interesting thing you would notice in this service that there are no service charges or fees for the consumer side. While the merchants will have to pay charges as per rule. The payment feature has been updated inside the Whatsapp Business App account.
On the security side, the company has included the option of 6- Digits Pin Code as well as fingerprint security. This 6-Digit Code or Fingerprint will be required to make payment. Parent Company has set service compatibility with Visa Card, MasterCard, Debit Card, and Credit Card.
Other than that, it is also expected that Whatsapp will have some agreement with the country’s leading payment institutes. Like now, they are in contact with Cielo, Brazil for a partnership plan in providing assistance for payment processing and creating more ease for users to utilize this service.
So Brazilians, link your cards with Whatsapp business account and use this tremendous digital payment service now. Do share the post in your social circle with friends and family members and leave feedback for us in the comment section below.