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Mastercard: Partners With WhatsApp In Brazil

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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

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