With the addition of this fintech feature, the platform aims to consolidate its position as a super app and further its growth trajectory. The Cyprus launch follows the initial function presentation in Greece and Germany in July 2022, and being a secure, easy-to-use feature that enables money transfers from country to country, it is expected to be appreciated by users with relatives, friends, or business partners in these regions.
As of now, Viber Pay enables direct and free transactions between Greece, Germany, and Cyprus, and Cyprus-based users can send money to each other in an easy and secure manner by creating a digital wallet through a two-minute process that requires registration and email confirmation.
The service allows transactions of up to EUR 120, or EUR 4,500 should the user confirm additional details. Furthermore, Viber Pay users have the option to send money from their wallet to other Viber users even if they don’t have a digital wallet set up, and these features are set to be available to Cyprus-based users within the following days.
Viber wallet-to-wallet payments for domestic transactions with friends and family in a free and instant manner;
Viber Pay in Chats, which provides users with the option to send and receive the money within the chat in three steps;
Bank transfers for simplified payment of everyday expenses at domestic banks, such as utility bills;
Exclusive discounts and rewards.
To begin leveraging Viber payments, users need to set a personal identification code or biometric identification to ensure secure transactions are enabled, and payment confirmations will be sent automatically with end-to-end encryption.
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