WhatsApp now allows users to send and receive money in Brazil


WhatsApp payments are again available in Brazil, according to Reuters. The Facebook-owned chat service relaunched the feature almost a year later. was uploaded for the first time in the countryside. Brazil served as a springboard for WhatsApp’s mobile payments – it was rolled out in India a few months later – but its central bank forced the service to to suspend the feature shortly after launch. The banking authority only gave WhatsApp approval to facilitate Peer-to-peer payments supported by Visa or Mastercard in March, after checking to see if they meet all “competition, efficiency and data privacy” rules.

According to a precedent Reuters report, WhatsApp has tried to avoid being classified as a financial services company by relying on the existing banking licenses of Visa and Mastercard. Payment processors were, however, instructed to suspend money transfer activities via WhatsApp and had to obtain new permits. As for the chat service, its parent company had to create a new unit called Facebook Pagamentos do Brasil which is now regulated by the central bank.

Although the feature has been relaunched in Brazil, it will not be accessible to everyone from the get-go. Only a limited number of users will have access to it initially, and they will have the power to invite others to use the feature. Users will only be able to send each other up to 5,000 Brazilian real ($ 918) per month for free. In addition, a single transaction has a limit of 1000 Brazilian real (184 USD) and users cannot process more than 20 transfers per day.

WhatsApp can only process peer-to-peer transfers at the moment, but it initially introduced the feature to help small merchants. Local businesses in Brazil and India use the chat app as their primary online presence, and the payment feature was supposed to help them easily accept digital payments. Facebook is still in talks with the central bank for merchant payments, and the company would expect to launch the feature later this year.

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