Sunday, December 22, 2024

WhatsApp partners Stripe to enable in-app business payments in Singapore

WhatsApp has partnered with Stripe to enable Singapore businesses to accept payments directly within WhatsApp chats. This collaboration will allow customers and businesses to buy and sell without leaving the messaging platform.

Facts

  • WhatsApp has joined forces with Stripe to offer in-app business payments in Singapore.
  • Leveraging Stripe’s Connect and Checkout solutions, WhatsApp will facilitate direct buying and selling on its platform.
  • Users will be able to complete transactions within WhatsApp, eliminating the need to visit external websites or apps.
  • Supported payment methods will include credit and debit cards, as well as PayNow, a widely used real-time payment method in Singapore.
  • Local businesses can access this feature through the WhatsApp Business Platform, which requires a Stripe account.
  • The new feature is currently available to a limited number of Singapore-based businesses, with plans for a broader rollout in the future.
  • This move follows Meta’s launch of WhatsApp business payments in Brazil, following approval from the Brazilian central bank.

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