JAKARTA - After experiencing a delay, the new WhatsApp Pay feature finally received permission from Brazil. The Brazilian central bank has approved the use of the WhatsApp service for financial transactions.
WhatsApp users can also use the new service in the chat application for money transfers. WhatsApp Pay will compete with a number of banks and fintech that provide similar services.
"We are making final preparations so that payments on WhatsApp will be available in Brazil as soon as possible", WhatsApp said in an official statement.
Currently, WhatsApp Payments can only be used to transfer money to fellow users. However, Brazilian users are not yet able to make payments to e-commerce via third parties.
To use the service, Brazilian users must first register their credit cards with WhatsApp partner banks such as MasterCard and Visa.
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In 2020, WhatsApp actually officially released the WhatsApp Pay service but was blocked by the government because it did not get a license from the country's central bank.
Previously, the chatting platform owned by Facebook had also used Visa and Mastercard to implement its new service. In the end, the company decided to follow local procedures and process licenses to the central bank.
Not only WhatsApp Pay, Visa, and Mastercard also finally got permission to become WhatsApp partners. Until now, WhatsApp users in Brazil have reached 120 million.
Even so, WhatsApp has not informed the public about the launch time of the WhatsApp Pay service. Apart from Brazil, WhatsApp Pay is also planned to be available to users in other countries, including Indonesia.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
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