WhatsApp, a messaging platform owned by Facebook, has introduced a feature that allows users to send and receive money via a new payment service.
The social media app, which has more than two billion users worldwide, disclosed the new development in a blog post on Monday.
It says that users in Brazil would be the first to be able to send and receive money through the new Facebook Pay.
“We’re excited to announce that starting today we’re bringing digital payments to WhatsApp users in Brazil. People will be able to send money securely or make a purchase from a local business without leaving their chat,” the post reads.
It explained that users will need to link a credit or debit card to their WhatsApp account and also have to enter a six-digit pin or use fingerprint to complete transactions.
“Sending money or making a purchase on WhatsApp is free for people. Businesses will pay a processing fee to receive customer payments, similar to what they may already pay when accepting a credit card transaction.
“Payments on WhatsApp are beginning to roll out to people across Brazil beginning today and we look forward to bringing it to everyone as we go forward,” the post further says.
The development comes about two years after the digital payments feature was first tested in India.
