Payments News

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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, […]
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Companies

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

“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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Companies

Brazil Suspends WhatsApp’s New Payments System

“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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