Payments News

On The Web

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Companies

How Meta Platforms Fell Behind in Indian Mobile Payments

“Mark Zuckerberg has pinned his hopes on commerce to save his business from stagnating user engagement and decelerating advertising revenue growth. But in the massive market of India, Facebook parent company Meta Platforms has fallen far behind in mobile payments, which serve as the crucial last step in closing an online sale. It needs to […]
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Companies

Meta suffers setback with WhatsApp business payments in Brazil

“Meta’s long-awaited plan to allow users to send money to businesses via messaging app WhatsApp in Brazil has been hit by clashes with potential payments partners, marking the latest blow to the tech giant’s sprawling ecommerce ambitions. WhatsApp had aimed to launch a payments-to-merchant (p2m) function in Latin America’s most populous country late last year, […]
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Companies

Nedbank Partners Mastercard, Ukheshe for WhatsApp Payments

“Nedbank, in collaboration with Mastercard and fintech firm Ukheshe, has launched Money Message, a payment platform that lets small and micro businesses receive in-chat payments from their customers via WhatsApp. In a statement, the big-four bank says a first in SA, the solution will enable merchants to send an invoice requesting a payment from any customer through […]
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Companies

Facebook Messaging Service Gets Delayed Brazil Nod for Payments

“Brazil’s central bank on Tuesday cleared the way for Facebook’s WhatsApp messaging service to let its users send each other funds using the Visa Inc and Mastercard card networks, months after vetoing WhatsApp’s initial attempt. When WhatsApp tried to launch the transfer service last June, the central bank said it could damage Brazil’s existing payments […]
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Companies

Axis Bank Launches WhatsApp Banking. All You Need to Know

“Axis Bank today announced the launch of banking services on WhatsApp to enable its retail customers. This will allow customers to seek information regarding their account balance, recent transactions, credit card payments, fixed and recurring deposit details, besides getting their queries answered in real-time. By using WhatsApp Banking, customers can now chat with Axis Bank […]
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On The Wires

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Companies

Making it Easier to Shop on WhatsApp with Carts

“Starting today, we’re excited to bring carts to WhatsApp. Carts are great when messaging businesses that typically sell multiple items at once, like a local restaurant or clothing store. With carts, people can browse a catalog, select multiple products and send the order as one message to the business. This will make it simpler for […]