Post by account_disabled on Mar 6, 2024 1:08:04 GMT -7
The Central Bank of Brazil announced that purchase transactions via WhatsApp can now be made with credit, debit and prepaid cards under Visa and Mastercard. With the modification, customers will be able to use the messaging application to make payments to different companies. The BC also concluded that the start of payment operations carried out through the WhatsApp application “must be communicated by the settlors to all participants in their payment arrangements at least 30 days in advance”. In other words, the new feature is not yet available. The suspension of coercive measures applied to Mastercard and Visa, which had interrupted this payment method in the country, led to the launch of the service. The BC had already given preliminary approval to the two companies, at the enk Pay transaction, which is the payment system that can be accessed through the messaging application, was authorized by the Central Bank. Mark Zuckerberg, CEO of Meta, owner of WhatsApp, expressed his satisfaction with the publication of the BC report: “The Central Bank has just authorized the launch of our new payment feature so people can pay small businesses directly on WhatsApp.
Looking forward to launching this soon”, Mark commented at the time on his Instagram profile, a social network that is also owned by Meta. High Impact Tool purchase via whatsapp app Guilherme Horn, who is responsible for WhatsApp operations in Latin America, explained what the new feature represents for the application: “We believe that people-to-business payments via WhatsApp will have a big impact for everyone, bringing ease and simplicity to users, while helping small and medium-sized businesses increase their sales.” In mid-2020, Meta, which at the time was still known as Industry Email List Facebook, launched a service in Brazil that allowed people to send money to each other via WhatsApp, but the product was quickly removed from the market by the BC. The municipality only authorized the operation in March 2021, and it took until May of that year for the service to start operating again. Purchase via WhatsApp: How does it work? purchase via whatsapp how it works Users will be required to register a card with the Facebook Pay feature to send and receive financial transactions via WhatsApp . See how it will work: Within the same menu that allows the transmission of photographs, there will be a functionality simply called “Payment.
Once the user clicks on the option, the program will ask them to enter an amount before directing them to the account creation screen. The user will be asked to generate a 6-digit numeric password and agree to the platform's terms of service before using the feature. Afterwards, the user must provide their name, CPF number and a card issued by one of the participating banks. The customer will then need to validate the card with the bank, and the bank will provide verification in the form of a code that the user can obtain via text message, email or the bank's own app. This code fulfills the purpose of providing greater security for transactions, preventing, for example, the registration of stolen cards. When sending money, the user will see , according to WhatsApp, use their password (or use the biometric identification features of their mobile device). Stored card information is encrypted. Joining the Resource purchase via whatsapp platform The Central Bank also made it clear that membership is still available for new institutions (payment issuers or acquirers) interested in participating in Facebook Pay. New participants in the tool will need to wait a month to be able to start carrying out transactions on WhatsApp once authorized.
Looking forward to launching this soon”, Mark commented at the time on his Instagram profile, a social network that is also owned by Meta. High Impact Tool purchase via whatsapp app Guilherme Horn, who is responsible for WhatsApp operations in Latin America, explained what the new feature represents for the application: “We believe that people-to-business payments via WhatsApp will have a big impact for everyone, bringing ease and simplicity to users, while helping small and medium-sized businesses increase their sales.” In mid-2020, Meta, which at the time was still known as Industry Email List Facebook, launched a service in Brazil that allowed people to send money to each other via WhatsApp, but the product was quickly removed from the market by the BC. The municipality only authorized the operation in March 2021, and it took until May of that year for the service to start operating again. Purchase via WhatsApp: How does it work? purchase via whatsapp how it works Users will be required to register a card with the Facebook Pay feature to send and receive financial transactions via WhatsApp . See how it will work: Within the same menu that allows the transmission of photographs, there will be a functionality simply called “Payment.
Once the user clicks on the option, the program will ask them to enter an amount before directing them to the account creation screen. The user will be asked to generate a 6-digit numeric password and agree to the platform's terms of service before using the feature. Afterwards, the user must provide their name, CPF number and a card issued by one of the participating banks. The customer will then need to validate the card with the bank, and the bank will provide verification in the form of a code that the user can obtain via text message, email or the bank's own app. This code fulfills the purpose of providing greater security for transactions, preventing, for example, the registration of stolen cards. When sending money, the user will see , according to WhatsApp, use their password (or use the biometric identification features of their mobile device). Stored card information is encrypted. Joining the Resource purchase via whatsapp platform The Central Bank also made it clear that membership is still available for new institutions (payment issuers or acquirers) interested in participating in Facebook Pay. New participants in the tool will need to wait a month to be able to start carrying out transactions on WhatsApp once authorized.