Mastercard: Partners With WhatsApp In Brazil
- Mastercard has partnered with Facebook to offer Brazilians a way to send and receive money on the social network’s WhatsApp
- By using Mastercard Send, WhatsApp users can also use their phones to transfer money instantly
- While social distance measures encourage consumers to seek other ways of paying without touch
- Globally, domestic P2P transfers expected to reach more than $2 trillion by 2022
- A recent study revealed 60 percent of Brazilians use WhatsApp to buy products, negotiate prices or schedule appointments
- Mastercard’s announcement came on the same day Visa announced it is enabling linkups with its card on WhatsApp in Brazil
