18 Jun VIDEO AND BLOG: Facebook Pay on WhatsApp launched in Brazil for local payments, remittances and eCommerce and mCommerce Payments. Is Africa next?

Whatsapp with 2bn users has launched Facebook Pay in Brazil.  Facebook Pay was launching in India the largest market with 400m users but regulatory problems are holding it back.  Brazil is second largest market with 120 million MAUs and over 10m small and micro businesses

Businesses register with Whatsapp Business to accept payments and are paid out typically in 2 business days.  A Facebook account is not required to use Facebook Pay on WhatsApp.  You can set it up directly on WhatsApp.

People can send money securely locally or for remittances and pay for purchases from a local business without leaving the chat - eCommerce and mCommerce.   Payments on WhatsApp are enabled by Facebook Pay.  They support debit or credit cards from Banco do Brasil, Nubank, and Sicredi on the Visa and Mastercard networks.

Facebook Pay are working with Cielo, a payments processor in Brazil.   They have built an open model to welcome more payment partners in the future and are working to support more banks and card networks.  

Android and phone supported and login requires a six digit PIN or fingerprint access.  Facebook Pay says they want to make it possible for people and businesses to use the same card information across Facebook’s family of apps - Instagram, Whatsapp and Facebook.   

Sending money or making a purchase on WhatsApp is free for people.  Businesses will pay a processing fee currently 3.99% to receive customer payments.  Facebook Pay is coming to Instagram shortly.   

According to their website, African countries where Facebook Pay is available . . Algeria    Angola, Botswana, Cote d'Ivoire, Egypt, Gabon, Ghana, Kenya, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Seychelles, South Africa and Tunisia.

Have a beautiful Day!   If you looking for payment at the checkout, please click here:  https://africanpaymentsolutions.com/news/#footer