Brazilians can now send and receive money via WhatsApp Pay
What you need to know
- WhatsApp Pay is now live in Brazil.
- Users can transfer up to R$ 1,000 ($184) per transaction.
Brazilian WhatsApp users can now take advantage of WhatsApp Pay to transfer money to friends and family using their iPhone. While the feature is technically live in the country for the first time, some users might have to wait up to a few weeks before it is available to them.
WhatsApp Pay users can transfer up to R$ 1,000 ($184) per transaction with a limit of R$ 5,000 ($920) per month. However, those wanting to make use of the feature will need to have a card issued by one of several banks and, as 9to5Mac notes, credit cards aren't supported. Unlike some other payment systems, WhatsApp Pay does not incur any fees during the transaction process.
Banks supporting WhatsApp Pay include: Banco do Brazil, Banco Inter, Bradesco, Itaú, Mercado Pago, Next, Nubank, Sicredi, and Woop Sicredi.
WhatsApp is one of the biggest messaging services around and is currently owned by Facebook. Its expansion into mobile payments continues at a time where it feels like every app wants to do the same.
What's up with WhatsApp
WhatsApp essentially meshes together traditional messaging services, social media, and your phone for a fully-immersive messaging platform with a little added sprinkle of security with end-to-end encryption.
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