WhatsApp takes payments via chats very seriously. After a few tests in Brazil and India, they’re now coming to Singapore, and they’re doing it with an important innovation: from one of the leading companies in mobile payments.

WhatsApp payments will work Striped, the startup specializing in mobile payments that has become a true giant of Silicon Valley. Users will be able to pay different businesses both online and offline via WhatsApp.

Payment options will include credit or debit cards and making it via Singapore’s PayNow system. It’s currently an option reserved for a few stores via WhatsApp Business, but it’s a preview of what’s to come globally.

WhatsApp found the missing piece in Stripe. While testing in Brazil and India is largely based on local payment systems, we have a mechanism with Stripe. It’s very easy to export at the international level.

WhatsApp has no ads and is not paid. However, it has more than 2,000 million users. This makes it a potential source of revenue for Meta, and payments are exactly one of the ways Mark Zuckerberg’s company has chosen to achieve this.

as simple as write to the store and send him a message. It’s like Bizum, but integrated into WhatsApp. Faster. The problem with these payments is more the financial infrastructure behind them to process them than the interface. This is where Stripe, a real benchmark in the fintech industry, comes into play.

Stripe’s last valuation was $50 billion. It’s a crisis context, a huge number. we are before Paypal’s competitor; A company that combines all forms of payment into one service, from cards to wire transfers, via Google Pay, money transfers, APIs, currency exchange or tokenization.

Mobile payments on WhatsApp will be just one of the ways we can pay in the future. We are on the doorstep of a digital payments boom due to the arrival of CBDCs like the digital euro, the expansion of crypto, or the development of Bizum and its alternatives. Singapore, as with many other things, is one of the first countries to bet on this type of payout.

on Xataka | What Stripe does and manages to be worth nearly $100 billion