WhatsApp Becomes a Fintech?

WhatsApp Becomes a Fintech?

If you thought that receiving money in exchange for using WhatsApp might sound like a pure utopia, you might be surprised by the new announcement of the platform. Read on for more details.

If you thought that receiving money in exchange for using WhatsApp might sound like a pure utopia, you might be surprised by the new announcement of the platform. Read on for more details.

According to a portal specialized in news about WhatsApp, the platform is currently testing a reward system through which it will return to users a part of the money they have sent through WhatsApp Pay, its payment service.

At the moment only India and Brazil have access to the WhatsApp Pay system, so the "Get cashback on your next payment" function will momentarily only reach those regions.

At the moment only India and Brazil have access to the WhatsApp Pay

According to the shared screenshots, a shortcut will be added to the chat list screen from which you can receive a money refund if you have used WhatsApp Pay after 48 hours.

Apparently the maximum amount that could be recovered will be up to $ 10, although this figure may vary when the function, which is currently in beta version, is official. It may also change depending on the territory in which it is launched, but currently there is not much more information about the new function.

According to the shared screenshots, a shortcut will be added to the chat list screen from which you can receive a money refund

The system to send and receive money through WhatsApp began operating in June 2020 in Brazil, although in the beginning it had several problems with the authorities. And it is that only after a week, the Central Bank of Brazil prohibited the payment function in a strict way.

As explained by the body itself, this decision was taken to preserve an adequate environment of free competition and because there was not enough time to verify that the service was safe for users. The service was restored in May 2021, almost a year after its initial launch.

Related Articles

More News

More News