Facebook just launches WhatsApp digital payment service

The move comes as parent company Facebook is pushing ahead with plans to bring more e-commerce to its platforms.

WhatsApp Pay allows users to send money to each other for free or make purchases from small businesses.

In January, CEO Mark Zuckerberg outlined plans to provide service in India, Indonesia and Mexico.

On her blog, WhatsApp highlighted that the launch was part of a wider digital payment strategy across all Facebook platforms.


"processing fee to receive customer payments," the blog said.

WhatsApp has 120 million users in Brazil, becoming the second largest market after India.

The company has already tested the payment service in India, where it has 400 m of users.

However, the company's efforts to launch WhatsApp Pay in India have been maintained for two years by regulators.

In April, Facebook announced that it had bought a 10% stake in Indian telecommunications group Reliance Jio for $ 5.7 billion (£ 4.5 billion).

This deal gives Facebook a strong ally in Reliance Jio's president, Mukesh Ambani, who is the richest man in Asia.

The two companies intend to focus on a partnership with the new JioMart e-commerce platform, launched by Jio.

Last month, Facebook invested an undisclosed amount in the Gojek ride application.

Companies will use the link to expand Gojek GoPay's digital payment service.

Facebook bought WhatsApp for about $ 20 billion in 2014. In February, the messaging service said it had more than 2 billion users worldwide.


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