The service payment system works through Facebook Pay
After months of testing, the social network Facebook has implemented the act of payment of goods through WhatsApp. The first country where you can use Messenger for payment was Brazil.
The service works through the parent company WhatsApp’s payment system Facebook Pay. With this, you can send money by linking the Visa or MasterCard card issued by Banco do Brasil, Nubank and Sicredi and make purchases in the chat application. WhatsApp payment service does not charge transaction fees from common users. Also, for legal entities, the processing payment fee is 3.99%. You can confirm money transfer using a six-digit PIN code or fingerprint.
In 2018, more than 400 million Indian users began testing the Facebook payment system. WhatsApp Pay was expected to officially work in India at the end of 2019 after getting approval from the Government of India. However, this resulted in a full launch of the service in Brazil, where messenger users number 120 million people.
In April 2020, it became known that WhatsApp planned to issue loans within the application by applying for a license from the regulator in India.
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Earlier, we wrote that Facebook has renamed its Calibra digital wallet to “Novi”, announcing integration with Messenger and WhatsApp. As of now, the company has not announced the exact Novi release date, noting that the e-wallet will be available with the launch of the Libra network. Novi will be issued in limited countries with features that will make international money transfers “immediate, secure and with no hidden fees”.
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According to the content techcrunch.com