FinTech: WhatsApp Adds ‘Pay’ Button To Contacts List For Quick And Easy Payments To Loved Ones

May 18, 2022 | FinTech, News
https://dailyalts.com/wp-content/uploads/2022/05/smartphone-gd50b2799b_640.jpg

P2P (Peer-to-Peer) payments through WhatsApp simplified in Brazil and India.

An exclusive report by PYMNTS reveals that WhatsApp, the messaging platform owned by Meta Platforms (NASDAQ: FB), has added a new “Pay” button for facilitating payments to persons in a user’s contacts list such as friends, relatives and family.

“We’re always working on new ways to unlock the potential of payments on WhatsApp,” Stephane Kasriel, Meta’s head of commerce and financial technologies, said in an email to PYMNTS.com. “By adding a Pay button to the contact card on WhatsApp, we hope to make sending payments even more intuitive.”

Last month, WhatsApp launched a cashback scheme in India for P2P payments made through its app.

In India: Cashbacks for P2P payments

Last month, the WhatsApp messaging platform was allowed by the National Payment Corp. of India (NPCI) to add 60 million more users. Promptly after that Reuters reported that the messaging platform was planning to give cashbacks of up to ₹33 for peer-to-peer payments, while a similar incentive was being tested for merchant payments.

“Offering safe, secure, and easy-to-use digital payments is an important part of scaling India’s digital economy, and we’ll continue to drive awareness of payments on WhatsApp as part of our broader efforts to bring the next 500 million Indians onto the digital payments ecosystem,” a WhatsApp spokesperson said then.

Related Story: In India, WhatsApp To Roll Out Cashback Rewards For P2P Payments

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/06/justice-gba45571bc_640.jpg
Digital Assets: Grayscale Protests SEC Rejection Of Spot Bitcoin ETF, Files Suit Against Regulator
June 30, 2022     Digital Assets, Latest News, News, Regulations

Grayscale Investments, the largest digital asset manager globally, has filed a suit against the SEC for rejecting its application to convert the Grayscale Bitcoin Trust into a spot bitcoin ETF….

https://dailyalts.com/wp-content/uploads/2022/06/Twelve-sunglasses.png
Venture Capital/ESG: Twelve Raises $130M For World’s First Carbon Transformation Platform

Twelve has raised a $130 million Series B round to scale up its carbon transformation technology that converts captured CO2 into products traditionally made from fossil fuels. The firm’s technology…

https://dailyalts.com/wp-content/uploads/2022/06/amc-g39f4f8446_640-overlay.png
FinTech: Sam Bankman-Fried Of FTX Rejects Rumors He Is Acquiring Robinhood
June 30, 2022     Digital Assets, FinTech, News

FTX, the crypto platform owned by billionaire Sam Bankman-Fried, has scotched media reports that it was pursuing a deal to acquire commission-free trading app Robinhood (NASDAQ: HOOD). Bloomberg said Monday…

https://dailyalts.com/wp-content/uploads/2022/06/bitcoin-g9a41d1d1c_640-overlay.png
Alternative Investments/Digital: Amidst A Crypto Winter, 21Shares Launches The World’s Cheapest Physically Backed Bitcoin ETP

21Shares AG has launched a bitcoin ETP tailor-made for today’s crypto market, one that has been mauled by rampaging bears and gripped by a “crypto winter.” The 21Shares Bitcoin Core…