WhatsApp Pay: this is what we know so far about payments from WhatsApp

The expected feature of payments from WhatsApp continues to take important steps, and after the first attempt in India, now the eyes are on Indonesia.

WhatsApp Pay, the payment service from WhatsApp, is not yet available anywhere in the globe, but it could be available in the coming months in countries such as India and Indonesia.

According to the latest information coming from Indonesia itself, Facebook is in talks with several digital payment companies in that country to offer its payment services on mobile devices, in an attempt to make its way into the growing segment of electronic payments in Indonesia, which could reach 100 million dollars annually from 2025.

While WhatsApp payments were expected to be released in India for a few months, Facebook is facing difficulties with the regulatory bodies of that country, where they require the company Mark Zuckerberg to establish a data center in the country, something they have not yet been able to materialize.

While that time comes, Facebook now has its sights on Indonesia, a potential market of 260 million inhabitants and the fifth by volume of users using the instant messaging application.

There is a difference between WhatsApp payments between India and Indonesia. While in India payments by WhatsApp would be offered between accounts without any intermediary, in Indonesia the regulatory laws do not allow it that way, and the service would be destined to be a platform that would admit payments through digital wallets that already exist.

Be that as it may, they point out that Facebook is currently in talks with Indonesian companies Go Jek, DANA, and OVO to establish their service, in an agreement that could happen in the coming weeks.

Even so, although Facebook had planned those payments from WhatsApp would begin to be released in certain emerging countries at the end of 2019, it is likely that until the first quarter of 2020 none of these countries can count on it.

 [Source: todayonline ]


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