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

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

How To Buy Safaricom Tunukiwa Offers including Minutes, SMS And Data.

Safaricom Tunukiwa daily  has now become part and parcel of Kenyan life and many Safaricom customers have embraced it due to it's  high affordability as compared to normal rates be it on data, SMS or call minutes. For instance, instead of buying 150 Mbs at ksh.50 daily you can get Tunukiwa 180 Mb daily at the same price. What are Tunukiwa Bundles? Tunukiwa is a Swahili term for 'rewarded'. Safaricom Tunukiwa, therefore, is one of the many Safaricom' s loyalty programs aimed at rewarding their customers for staying loyal and using Safaricom products and services. Others are : Safaricom bonga.  Allows you to earn bonga points when you buy various Safaricom products and services. You can later on redeem the points for various goods and services including Bonga Points Phones . Storo bonus. where you get free airtime to be used for SMS and calls once you reach your daily storo target. Tunukiwa was introduced in April 2017, immediately after Airtel Kenya launched a produ

Breaking Boundaries: Starlink's Satellite Internet Launches in Kenya. Here's the Pricing And How To Get Connected

The digital revolution has reached new heights with the arrival of Starlink's satellite internet in Kenya. In a move that promises to redefine internet connectivity in the country, Starlink has embarked on an ambitious mission to break the barriers of traditional internet services and provide high-speed, reliable, and accessible internet to even the most remote areas. This blog post delves into the groundbreaking launch of Starlink's satellite internet in Kenya, exploring its impact, challenges, and the exciting possibilities it offers for individuals, businesses, and the nation as a whole. A Leap to the Stars: Starlink's Vision for Global Connectivity At the heart of Starlink's initiative lies a vision to bridge the digital divide and bring the world closer together through satellite technology. Founded by SpaceX, the brainchild of Elon Musk, Starlink aims to deploy a constellation of low Earth orbit (LEO) satellites to provide broadband internet access across the glob