Facebook strives to have a strong presence in the world of electronic payments. Perhaps this was evident with the project of its digital currency, Libra, which has been postponed more than once. The company relies on the WhatsApp application currently to be present in this sector.
The most popular messaging application WhatsApp provides payments service in only two countries, namely Brazil and India. This feature was first made available in India at the end of 2019 and later in Brazil in mid-2021.
The WhatsApp Payments feature allows you to send and receive money with great ease through the application. It is used by a large segment of users in previous countries, especially in India, where it was launched to compete mainly with Google Pay.
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WhatsApp has now started, and according to site WABetaInfo, which specializes in preparing a new feature for users of its payment and money transfer service. These are the rewards which are also known as cash back. Where the user gets a small financial reward every time he sends an amount to one of his acquaintances.
And according to what the source revealed, the company has reached an advanced stage of developing this new feature. The code for the new feature appears within the source code of the latest WhatsApp beta.
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WhatsApp Payments Rewards
Facebook provides this new feature to users in India only so far. This is according to what was discovered in the application code. But the company, on the other hand, will not offer large sums of money within this program.
This is as it will withhold 10 INR in cashback when sending money. This amount is as simple as 14 US cents. But there is no doubt that the amount may be worthwhile in the event that the company pays it for each transfer and not just for one.
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According to the source, the user receives his reward 48 hours after transferring funds via WhatsApp payments. As is the case for this type of feature, it may not be available to all users at the same time, but the company may provide it only to users who have not transferred any money before to pay them to try the feature.
It is expected that Facebook will start expanding this feature and making it available in more countries around the world. Especially since both Apple and Google have done this with their payment services.
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This feature is expected to be a huge success if it is available globally since its green application is present in almost every phone. But Facebook may have other plans, or it may have run into global problems due to its poor reputation for privacy.