Send and receive money right where you chat! WhatsApp payments will make your life easy

Do you want to split the bills with your friends? The newly launched WhatsApp payments will make your life easy

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WhatsApp
Now you can send money in chats just like photos and videos using the new payments feature.

Facebook-owned messaging app WhatsApp is currently moving to the domain of online payments. The new system update recently rolled out all across Brazil and people are loving it. The feature allows you to send payments or money in the normal chat window. Though you need to link your accounts beforehand, once it is done life becomes easier. You will be able to send money just like you send photos and videos.

But if you think it is too good to be true, check out the official website in order to gain some clue. The company is working along with Cielo, Brazil’s largest debit and credit card operator to process transactions. This new collaboration with WhatsApp helped soar Cielo’s shares by 30% on a day when the stock market crash was imminent.

Also Read: WhatsApp 2020 Beta update! You can now use same WhatsApp number on multiple devices

WhatsApp Payments: Send money in a click

In 2018 the company successfully tested the feature in parts of India before rolling back. Brazil gets the first nationwide release of the feature. This also introduces the ability to directly pay a business which need not be in a specific range. Right now the company has an active user base of almost 120 million in Brazil. This makes it the second-largest market just after India.

In Brazil normal public as well as small businesses already use WhatsApp as a marketing tool to answer questions or send catalogs. Facebook Chief Executive Mark Zuckerberg said in April that the company was expanding tools for businesses in WhatsApp.

Also Read: Now your tweets will not stay on twitter always, it will disappear after 24 hours just like WhatsApp, Snapchat or Instagram stories

The system will use Facebook Pay and be free to individual users while charging businesses a fee for receiving payments. Initially, the system will accept payments from debit and credit cards from Banco do Brasil, Nubank, and Sicredi.

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