Post by account_disabled on Mar 12, 2024 5:22:32 GMT
How does it work, and why did Brazil suspend the service after just a week? blogTitle-webinar-whatsapp_ecommerce-1v-w680h280 WhatsApp Pay is the WhatsApp app. The application owned by Facebook (which, let's remember, bought WhatsApp in 2014 for the modest sum of 19 billion) seems to be following in the footsteps of WeChat, the most used messaging app in China. This app has long allowed users to carry out various operations, such as buying transport tickets, paying bills or even a restaurant bill, all without leaving the app. WhatsApp Pay: what it is Let's take a step back: WhatsApp is a messaging app for individuals (WhatsApp Messenger) and for small and medium-sized businesses WhatsApp Business .
WhatsApp Pay is the payment system integrated into the app, meaning UAE Phone Number users can make payments without leaving WhatsApp . whatsapp-pay Source: WhatsApp Blog How does in-app payment work? WhatsApp Pay uses UPI ( Unified Payment Interface ) technology and has a 'peer-to-peer' interface. The payment platform developed by the National Payments Corporation of India works in real time and facilitates transactions. As the image above shows, WhatsApp Pay can be used both for payments between people (for example to split the amount of a bill or a gift) and for online or offline purchases. For further information: WhatsApp Business: the updated guide It works like this: Users can link their WhatsApp account to a bank account or credit card.
Once they decide to make a payment, they are asked for confirmation. This can be done by entering a 6-digit code, via fingerprint or with facial recognition . The payment thus takes place within the app and without redirects. But is WhatsApp Pay safe? After a long period of trials and tests in India, the country with the highest number of active users (400 million), WhatsApp Pay was launched in Brazil (120 million). However, the Brazilian Central Bank suspended WhatsApp Pay eight days after launch . WhatsApp apparently activated the service before allowing the banks to analyze the functioning of the service and evaluate any conflicts with national rules.
WhatsApp Pay is the payment system integrated into the app, meaning UAE Phone Number users can make payments without leaving WhatsApp . whatsapp-pay Source: WhatsApp Blog How does in-app payment work? WhatsApp Pay uses UPI ( Unified Payment Interface ) technology and has a 'peer-to-peer' interface. The payment platform developed by the National Payments Corporation of India works in real time and facilitates transactions. As the image above shows, WhatsApp Pay can be used both for payments between people (for example to split the amount of a bill or a gift) and for online or offline purchases. For further information: WhatsApp Business: the updated guide It works like this: Users can link their WhatsApp account to a bank account or credit card.
Once they decide to make a payment, they are asked for confirmation. This can be done by entering a 6-digit code, via fingerprint or with facial recognition . The payment thus takes place within the app and without redirects. But is WhatsApp Pay safe? After a long period of trials and tests in India, the country with the highest number of active users (400 million), WhatsApp Pay was launched in Brazil (120 million). However, the Brazilian Central Bank suspended WhatsApp Pay eight days after launch . WhatsApp apparently activated the service before allowing the banks to analyze the functioning of the service and evaluate any conflicts with national rules.