TIL Desk/Business/New Delhi/ WhatsApp has launched its ‘WhatsApp Pay’ in Brazil, two years after it began testing the payments service in India. In 2018, the Facebook-owned company had started testing the service in India, which allows users to utilise the messaging platform to send and receive money.
However, the ambitious plan has been caught in a bind over regulatory issues. In a Facebook post on Monday, its CEO Mark Zuckerberg said Brazil is the first country where it is widely rolling out payments in WhatsApp.
“Today we’re starting to launch payments for people using WhatsApp in Brazil. We’re making sending and receiving money as easy as sharing photos,” he said, adding that small businesses will also be able to make sales right within WhatsApp.
“To do this, we’re building on Facebook Pay, which provides a secure and consistent way to make payments across our apps,” he said. Zuckerberg said WhatsApp is working with local banks, including Banco do Brasil, Nubank, Sicredi as well as Cielo, the leading payments processor for merchants in Brazil.
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