WhatsApp launched last year in India the payments between individuals through the application. It is a feature that is still in the testing phase today and is not available to all users of WhatsApp in the Asian country due to regulatory problems but, for now, India is the only country in the world in the one that the functionality is already a reality.
“WhatsApp Payments is still in the testing phase in India.”
However, WhatsApp Payments, as the service is called, which is based on company agreements with local banking systems, could reach other markets very soon.
The own Mark Zuckerberg, CEO of Facebook, proprietary of WhatsApp, indicated during the communication of results corresponding to the last quarter of 2018, that the payments between individuals through WhatsApp were about to reach other markets, as soon as they had just signed agreements with financial entities and local authorities.
Zuckerberg, however, did not confirm which would be the next countries that could receive the service throughout this year. But WABetaInfo, which is dedicated to analyzing in detail the code of the application and its beta versions has indicated that there are three countries that the payment system through WhatsApp could soon reach: Brazil, United Kingdom and Mexico.
It is not known with certainty when the launches could arrive, nor if the system will use a tool similar to the Unified Payments Interface (UPI) which is the one used in India. However, this can not be used outside the country, so in other markets WhatsApp Payments could work as Apple Pay does, for example, redirecting payments through credit or debit cards.