Mastercard, Facebook extend partnership to allow money transfers using WhatsApp in Brazil

Tuesday 16 June 2020 09:27 CET | News

Mastercard has announced the extension of its partnership with Facebook to offer a new way for Brazilians to send and receive money on the WhatsApp application. 

By leveraging Mastercard Send, WhatsApp users can now use their phones to transfer money instantly (24 h/day, 7 days/week). Consumers can use WhatsApp to transfer money, and make and receive payments securely and in a contact-free way. The new solution responds to the needs of Brazilians who are increasingly looking for quick and safe ways to send and receive money, whether it is to reimburse a friend for a meal, to pay a roommate for rent, or simply lend money to a family member.

Moreover, WhatsApp users can also pay small businesses through the WhatsApp Business Application. This allows for instant digital payments of goods and services to millions of small businesses in Brazil. In addition, Mastercard cardholders can register their credit or debit card to make their purchases securely. Linking their preferred credit or debit card within the app is secure thanks to the use of Mastercard’s state-of-the-art tokenization solution. 

Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments on WhatsApp.

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Keywords: MasterCard, partnership, Facebook, Brazil, WhatsApp, transfers, contactless, digital payments, credit cards, debit cards, tokenization
Categories: Payments & Commerce
Countries: Brazil
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Payments & Commerce

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