Jun 16, 2020

Facebook launches WhatsApp digital payment service

WhatsApp has launched its digital payments service in Brazil as the messaging app capitalises on its popularity in emerging markets. On its blog WhatsApp highlighted that the launch was part of a wider digital payment strategy across all of Facebook's platforms. "Because payments on WhatsApp are enabled by Facebook Pay, in the future we want to make it possible for people and businesses to use the same card information across Facebook's family of apps." The company has already been trialling the payment service in India, where it has 400m users. In April, Facebook announced that it had bought a 10% stake in Indian telecoms group Reliance Jio for $5.7bn. That deal gives Facebook a powerful ally in Reliance Jio's chairman Mukesh Ambani, who is Asia's richest man.

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