Whatsapp Payment Feature Updated In Brazil!: WhatsApp introduced its payments feature in Brazil in June 2020 after a long trial in India but had to suspend it a few days later.
Brazil’s central bank has suspended WhatsApp payments.
After nine months, the Facebook-owned company has finally been allowed to transfer money within the app again in Brazil.
In Brazil, WhatsApp users will now be able to transfer money to each other via Visa or MasterCard, according to a Reuters report.
However, WhatsApp payments are currently restricted to payments and users will not be able to make purchases from any company.
“We welcome the decision of the Central Bank of Brazil and will make this feature available in Brazil as soon as possible,” WhatsApp said.
The company added that more secure and convenient methods will allow people to transfer their money quickly.
It is believed that WhatsApp had introduced this feature in India in November last year, but it has been working since 2017.
After India, Brazil has the largest number of WhatsApp users.
Introducing the feature in Brazil last year, Facebook said the feature would allow users to pay for purchases from local companies without leaving the app, without having to pay a separate fee.
Small businesses in various countries are using WhatsApp as a means of online presence, which will provide them with an easy means of digital payments.
According to Facebook, this feature will gradually become available to all users.
WhatsApp Payment Feature