WhatsApp launches digital payment service June 16, 2020 - 16:14 AMT PanARMENIAN.Net - WhatsApp has launched its digital payments service in Brazil as the messaging app capitalises on its popularity in emerging markets, the BBC reports. The move comes as parent company Facebook pushes ahead with plans to bring more e-commerce to its platforms. WhatsApp Pay allows users to send money to one another for free or make purchases from small businesses. In January, chief executive Mark Zuckerberg outlined plans to offer the service in India, Indonesia and Mexico. On its blog WhatsApp highlighted that the launch was part of a wider digital payment strategy across all of Facebook's platforms. "Because payments on WhatsApp are enabled by Facebook Pay, in the future we want to make it possible for people and businesses to use the same card information across Facebook’s family of apps." While person-to-person payments will be free small businesses will have to pay a “processing fee to receive customer payments,” the blog stated. WhatsApp has 120m users in Brazil, making the country its second-largest market after India. The company has already been trialling the payment service in India, where it has 400m users.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
