Ever wanted to have that smooth transfer of funds through WhatsApp? It will be possible soon with Facebook Pay.
On a Monday morning, Facebook CEO Mark Zuckerberg announced the launching of Facebook Pay in WhatsApp. They will begin to roll out this feature in Brazil. Facebook pay will allow users to send money to their friends and businesses through WhatsApp, Instagram, Messenger and Facebook. This service is like Google Wallet, Venmo, and Apple pay, that also allows users to transfer money directly from their bank accounts or credit cards.
The service is already online on Facebook in the U.S., but the launch in Brazil is the first time the functionality has spread to the WhatsApp encrypted messaging platform. Mark Zuckerberg, founder and CEO of Facebook, on a Facebook post-Monday morning, said, “Today we are starting to launch payments for people using WhatsApp in Brazil.”
He then added, “We’re making sending and receiving money as easy as sharing photos.”
FB Pay made its kick-off last year in the controversy over Balance, the proposed cryptography, which allows users to transfer money on Facebook and Messenger. During that time, Zuckerberg mentioned that they would eventually extend the functionality to WhatsApp and Instagram soon.
However, users may still be reluctant to entrust their banking information to the platforms for the underlying security issue Facebook has been facing lately. On the other hand, Facebook assures their security by encrypting account numbers and conducts regular fraud checks. They also noted that users could also set a PIN code or, on compatible devices, use touch or facial recognition for security purposes while sending users notifications about their account activity.
Facebook has not yet announced when WhatsApp payments will be launched internationally after the initial launch in Brazil.