WhatsApp partners Stripe to enable in-app business payments in Singapore

WhatsApp has partnered with Stripe to enable Singapore businesses to accept payments directly within WhatsApp chats. This collaboration will allow customers and businesses to buy and sell without leaving the messaging platform.

Facts

  • WhatsApp has joined forces with Stripe to offer in-app business payments in Singapore.
  • Leveraging Stripe’s Connect and Checkout solutions, WhatsApp will facilitate direct buying and selling on its platform.
  • Users will be able to complete transactions within WhatsApp, eliminating the need to visit external websites or apps.
  • Supported payment methods will include credit and debit cards, as well as PayNow, a widely used real-time payment method in Singapore.
  • Local businesses can access this feature through the WhatsApp Business Platform, which requires a Stripe account.
  • The new feature is currently available to a limited number of Singapore-based businesses, with plans for a broader rollout in the future.
  • This move follows Meta’s launch of WhatsApp business payments in Brazil, following approval from the Brazilian central bank.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Monzo’s Savings Challenge: Addressing Customer Retention Gaps

How Monzo is tackling retention issues in their savings products.Highlights: Monzo launches a new savings challenge to enhance...

Abound Ventures into Mortgage Market with Ahauz Acquisition

A strategic move aimed at enhancing digital mortgage solutions.Highlights: Abound acquires Ahauz to enhance its mortgage offerings.The acquisition...

Visa Partners with BVNK for Stablecoin Payment Solutions

Exploring Visa's innovative step into the realm of stablecoin transactions.Highlights: Visa collaborates with BVNK to enable stablecoin payments.New...

Payments Association Urges Bank of England to Accelerate Stablecoin Development

Concerns grow over the regulatory hurdles facing stablecoin innovation.Highlights: Payments Association calls for regulatory clarity on stablecoins.Bank of...