Facebook Inc’s has launched its WhatsApp payment service in Brazil. With over 120 million users, Brazil is WhatsApp’s second-largest market after India.
The WhatsApp payment will allow users in Brazil to send money to individuals or local businesses within a chat, attaching payment as they would a photo or video.
“WhatsApp is heavily used there, both by people and small businesses,” Matt Idema, chief operating officer of WhatsApp
“We think we can help grow digital payments, help grow the digital economy with small businesses, and help support financial inclusion,” he said in the interview an interview.
Facebook said in the Reuters interview that the payment system will use Facebook Pay and be free to individual users, while charging businesses a fee for receiving payments.