Business

Brazilian payment system Cielo deals to process payments through WhatsApp

Facebook said it's still analyzing how to enable payments through the messaging app

Brazilian credit and debit cards operator Cielo is dealing with Facebook to process payments through WhatsApp, reports Brazilian newspaper. Photo: Shutterstock
  • Cielo intents to process payments through WhatsApp;
  • The payment processor allows purchases through a web link since October 2019.

Brazilian’s largest payment processor Cielo is dealing with Facebook to process payments through WhatsApp, said Brazilian newspaper Valor.

READ ALSO: Cielo says link payments tripled over one week

So far, the company has only managed to use social networks for paying through sent links between merchants and customers. In this case, there’s no need for a POS to conclude a transaction, the purchase is paid by credit or debit card through a web link.

The new model in discussion would use the WhatsApp platform for financial transactions. To Valor, Facebook said it’s still analyzing how to enable people to make payments via WhatsApp.