WhatsApp since 2021 was authorized to make financial transactions here in Brazil, but only bank transfers. Two years following the beginning of this movement, WhatsApp is allowed to make purchases in stores and establishments using Visa and Mastercard credit, debit and prepaid cards.
This means that app users will now have the ability to make payments directly to businesses, purchasing products and services without having to leave the messenger.
WhatsApp released to buy via credit card in Brazil
With this new feature, WhatsApp becomes even more complete as a communication and business tool. In addition, the new functionality promises to be a great ally for companies, especially small and medium-sized ones, which will be able to receive payments more quickly and easily through the application.
It is worth mentioning that this Central Bank authorization is an important step in the regulation of the digital payment market in Brazil. The expectation is that other companies will also seek authorization to offer similar services, which may further expand the payment options available to consumers.”
The news was celebrated by the boss in charge of WhatsApp:
Excited that the Central Bank of Brazil has authorized the launch of WhatsApp’s new payment feature!
Soon, Brazilians will be able to browse products, add them to a cart and make secure payments to small businesses right from a chat with your credit or debit card.
Goodbye!— Will Cathcart (@wcathcart) March 2, 2023
What payment methods are available on WhatsApp?
The currently available payment methods are listed below, this information is available on the WhatsApp website.
- Bank of Brazil: Visa
- Banco Inter: Mastercard
- Banco Original: Mastercard
- Bradesco: Visa
- BTG+: Mastercard
- Caixa: virtual Visa card (available for those with a Caixa account)
- Itaú: Mastercard and Visa
- Market Payment: Visa
- Neon: Visa
- Next: Visa
- Nubank: Mastercard
- Santander: Mastercard e Visa
- Sicoob: Mastercard
- Sicredi: Mastercard and Visa
- Woop, Sicredi’s digital account: Visa
New means of payment and deadlines?
The Central Bank said that the accession of new means of payment to participate in Facebook Pay, a system that controls movement through WhatsApp, remains open. Once approved, new participants in the tool must wait a month to start operating WhatsApp transactions. According to BC, the deadline is necessary to preserve competition in the means of payment market.
That is, we will now have to wait up to a month for this final release to be available on your cell phone.
Learn how to protect your WhatsApp:
Source: EBC
