Payments News

On The Web

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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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Companies

WhatsApp gets approval to launch payments feature in India

“WhatsApp has received approval to roll out its payments service in India starting with 20 million users, the country’s flagship payments processor said on Thursday, giving the Facebook-owned app an entry into a crowded digital payments space. WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google […]
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Companies

India watchdog throws out antitrust complaint against WhatsApp

“India’s antitrust watchdog has dismissed a case against Facebook’s WhatsApp, saying the company has not abused its dominant position to expand in the country’s digital payments market, according to an official order. A case in March alleged that WhatsApp was bundling its digital payment facility – WhatsApp Pay – within its messaging app for which […]
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Companies

WhatsApp Pay: Awaiting Supreme Court verdict to roll out UPI-based payment service in India

“WhatsApp has about 400 million users in India, one of its largest userbase. The Facebook-owned instant messaging app has begun beta testing of its UPI-based payment service ‘WhatsApp Pay’ in India using 1 million users since 2018. Earlier, WhatsApp Pay was rejected questioning critical issues such as its compliance with the RBI’s two-factor authentication norms, […]

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 […]