Skip to main content

WhatsApp finally launch the much awaited free money transfer feature known as WhatsApp Pay.

WhatsApp money transfer
Image credit:WhatsApp.
After years of speculations, testing and waiting, WhatsApp have finally confirm that they are rolling out their money transfer feature starting June 15.
The service which will first launch in Brazil will allow users send and receive money as well as make payments or purchases without leaving their chat.
The highly secure platform will require a special six digit pin or finger print for authorization eliminating any unauthorized account access.
While the service will be absolutely free for users to send and receive money, businesses will need to pay a processing fee to receive customer payments.
This move will definitely change the way online transactions are performed, and while initially integrated with debit and/or credit cards, it is possible that on the near future it will support other platforms, as WhatsApp have this in mind.
This will definitely be a game changer, and in countries like Kenya where mobile money transfers have been widely accepted, such platforms will either have to tactfully integrate otherwise it will be bad news for them. As we predicted much earlier on the Possible effects of WhatsApp Pay on M-Pesa, this new move will likely spark slot of debate in the country, and might not be welcomed in Kenya, not in the foreseeable future.
We expect the feature to be rolled out soon in countries like India, Indonesia and so on where WhatsApp enjoys a huge membership.
The payments are powered by Facebook's own payment platform Facebook pay.
Founded in 2009, WhatsApp is currently the world's leading social messaging app with over 2 billion active users as of February 2020 according toWhatsApp, India being at the top followed by Brazil.
In 2018, WhatsApp carried out it's money transfer trials in India, and while it is not clear why it didn't first roll out in the country, it's reception was widely welcomed by users and it's willingness to provide it's services in a number of local languages was a mother plus to this service.
The app has seen major changes and improvements since it's launch, and now allows it's users send Tex's(chats), make voice and video calls as well as share multimedia and a number of supported file formats.
In 2014, Facebook acquired the app for approximately USD.19 billion, a move that was not received well by many users considering Facebooks history of use of private personal data including mobile numbers.
The new feature is therefore a timely move at this time when the world is facing the CoVID-19 challenges, and this will likely transform the way mobile and online money transactions are carried out.
Also Read: All you need to know about Safaricom Sherehekea data.

Comments

Post a Comment

Most Popular

Telkom 4G CPE router. Connect your home, business or office with secure high speed internet.

Do you want to connect your office or business premises with internet and probably looking for a router that will give you fast, stable secure and affordable internet? Telkom CPE router could be the exact device you have been looking for. With its simplicity and multiple connection options, it gives you strong secure high quality internet without any complications or hiccups. It's a pluck and use WiFi router. And Telkom's affordable data bundles makes this router stand out among it's close competitors. The router can support up to 32 users at a go either through WiFi or LAN, for either internet browsing or voice calls, making it ideal for SME's, cyber cafes, offices and home. Since it's rebranding from orange, Telkom Kenya   has been restructuring itself in order to regain it's place as the market leader when it comes to internet service provision in the country and the region at large. To achieve this, Telkom has been heavily investing in upgrading it's inf...
Post a Comment
Read more

Airtel Zawadi points-Everything you need to Know.

Zawadi is a Swahili term for a gift or to reward. Airtel Zawadi therefore is a loyalty program by Airtel Kenya aimed at rewarding its customers for staying loyal to the brand by using their various products and services .  The service closely resembles Safaricom bonga and Telkom Ziada , both also rewarding customers for using their lines to make calls, browse or send SMS as well as transacting on mpesa. How to register for Airtel Zawadi . Initially Airtel was giving it's subscribers an opportunity to register for Airtel Zawadi by dialing *326# and selecting the option for ' registration'.  Then later couldn't see the option to register and when we contacted Airtel they told us new customers we're automatically enrolled to the program on successful registration of their lines so that they could begin earning from their first top up.  However it seems Airtel are not enrolling their Subscribers for the program anymore, and when I tried to check my points balance ...
6 comments
Read more

Samsung Galaxy A12 Vs Galaxy M12 Key Similarities And Differences.

Both the Samsung Galaxy A12 and Galaxy M12 are budget-friendly smartphones with similar features, but there are some differences that might make one more suitable for you depending on your needs. Samsung Galaxy A12 Display: 6.5-inch PLS IPS, 720 x 1600 pixels. Processor: MediaTek Helio P35. RAM/Storage: 3GB/4GB/6GB RAM, 32GB/64GB/128GB storage. Camera: Quad-camera setup with 48 MP main sensor, 5 MP ultrawide, 2 MP macro, and 2 MP depth sensor. Front camera is 8 MP. Battery: 5000 mAh with 15W fast charging. OS: Android 10, upgradable to Android 11. Samsung Galaxy M12 Display: 6.5-inch PLS IPS, 720 x 1600 pixels, with a 90Hz refresh rate. Processor: Exynos 850. RAM/Storage: 3GB/4GB/6GB RAM, 32GB/64GB/128GB storage. Camera: Quad-camera setup with 48 MP main sensor, 5 MP ultrawide, 2 MP macro, and 2 MP depth sensor. Front camera is 8 MP. Battery: 6000 mAh with 15W fast charging. OS: Android 11, upgradable to Android 12. Samsung Galaxy A12 Vs Galaxy M12 key similarities. If you're askin...
Post a Comment
Read more