Payments News

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Companies

Facebook Faces Delay To WhatsApp Payments In India

July 20 2018

“India’s government is holding up Facebook Inc.’s plans for a nationwide launch of its WhatsApp payments service over concerns about how users’ data will be stored and other issues, according to people familiar with the matter. The country’s Ministry of Electronics and Information Technology, or MEITY, has asked WhatsApp and its partner banks to supply more […]
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Companies

WhatsApp Is Getting Set To Be Africa’s Biggest Payments And Ad Platform

June 28 2018

“WhatsApp’s competitive advantage is in emerging markets, where its service almost always works, regardless of internet speed or available bandwidth. It’s the world’s No.1 messaging service, thanks to users from Latin America to Africa and most of Asia outside China. In these regions, there’s intense interest from local businesses that want to see WhatsApp commercialize—they […]
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Companies

Almost 1 Million People ‘Testing’ WhatsApp Payments Service In India

June 18 2018

“The spokesperson added that WhatsApp is working closely with the Indian government, National Payments Corporation of India (NPCI) and multiple banks, including payment service providers, to expand the feature to more people and support India’s digital economy. WhatsApp had received permission from NPCI to tie up with banks to facilitate financial transactions via Unified Payments […]
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Companies

Brazil Suspends WhatsApp’s New Payments System

June 24 2020

“Brazil’s central bank effectively suspended a newly-launched system allowing users of Facebook Inc’s WhatsApp messaging service to send money via chats, ordering Visa and Mastercard to halt payments and transfers via the system. The central bank said in a statement that rolling out the service without previous analysis by the monetary authority could damage the […]
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Companies

WhatsApp Business, now with 50m MAUs, adds QR codes and catalog sharing

July 9 2020

“The global COVID-19 health pandemic has raised the stakes for businesses when it comes to using digital channels to connect with customers, and today WhatsApp unveiled its latest tools to help businesses use its platform to do just that. The Facebook-owned messaging behemoth is expanding the reach and use of QR codes to let customers easily […]
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On The Wires

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