Daily Tech News, Interviews, Reviews and Updates

WhatsApp may integrate with the digital payment platform Novi

WhatsApp is seeming to plan to integrate with digital peer-to-peer payment platform Novi. It will provides users the facility to make online payments all over the globe with the instant messaging app. The Novi Service is available in US and Guatemala which adds that WhatsApp is providing the payment service to US users too, until now it was providing the payment service only in India and Brazil.

XDA Developers found a code in the latest Whatsapp beta version which is a sign of Novi integration, a digital wallet facility owned by Facebook which has changed its business identity to Meta recently. WhatsApp has not confirmed anything but its parent Meta has declared to plan all financial and payments services under Novi. Also, last month, WhatsApp beta tracker WABetaInfo also reported the integration.

It will allow users to send and receive money using Pax Dollar, digital coin backed by US dollar without any extra cost. According to reports, WhatsApp will ask users to upload the necessary documents for verification before gaining access to the money transfer service. Moreover, users can also be asked to make a video selfie for identity verification.

David Marcus, Head of FinTech unit at Meta also reported that the parent company ID working to unify its payments and financial services unit and products under Novi brand.

The Executive stated, “Some of these products are branded Facebook Pay, some are unbranded, and our wallet operates under the Novi brand. So over time, we will unify all existing and future payments and financial services experiences under the Novi brand.”

Novi payment wallet is a small project in US and Guatemala but now it is expected to expand to a large number to users with WhatsApp in near future.

Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More