The Central Bank of Brazil will indicate it is necessary to analyze the arrival of payments via WhatsApp to confirm the security of users. For just over two years, there was already talk about the development of a payment system through WhatsApp. This movement would allow the instant messaging app to become even more essential in the lives of its users, while at the same time allowing it to boost its business around its WhatsApp Business version. Payments arrive in Brazil. Last week, this function became a reality for the Brazilian market, after this payment system landed in this country to be launched in Latin America, after being tested for a few months in India. The platform to make transactions through the renowned app is Facebook Pay.
Which will require a six-digit PIN or fingerprint entry to avoid unauthorized transactions. It is important to mention that these transactions or transfers do not generate a commission charge for users, although companies will have to c level email list pay a "processing fee". Finally, it is important to mention that, at least in Brazil, payments and transfers through WhatsApp are compatible with debit and credit cards from Banco do Brasil, Nubank, and Sicredi on the Visa and Mastercard networks. Payment does not go through. Even though this new function arrived with great fanfare, the truth is that this system has now been suspended in the aforementioned Latin American country.
After the Central Bank of Brazil indicated that it is necessary to analyze the arrival of this new service in order to "preserve an appropriate competitive environment, which guarantees the operation of a payment system that is interchangeable, fast, secure, transparent, open and cheap”. The measure was taken through a request made to Mastercard and Visa, in which it is notified that WhatsApp mobile payments and all other money transfers that can be made through the renowned messaging application have ceased. This is an unusual move, a Brazilian fintech and banking regulation expert told Bloomberg. What it means for Mexico. For the payment service, it is a barrier to getting one of the most important milestones for your business off the ground, given the need to expand business opportunities through the application.