Who can use it?

bitheerani319 · Post by **bitheerani319** » Wed Jan 22, 2025 10:35 am

Currently, only debit cards or those that also have a credit function can be registered. Visa and Mastecard cards linked to Banco Nubank, Sicredi and Banco do Brasil are currently authorized. Cielo is responsible for intermediating the transactions. However, the WhatsApp team has already stated that they are open to new partnerships.

Initially launched only in Brazil, the payment function can only be made armenia phone number list Brazilian Real currency and with a limit of R$1,000 per transaction and R$5,000 per month. Users will be able to make up to 20 transactions per day. Now, those who have a Cielo account have the right to unlimited payments.

What are the risks of this new functionality?
Since this is a new feature, it is important to understand that some security procedures are not well adapted. For example, Facebook Pay is not a fully encrypted system, since banks need to receive transaction information.

Another risk is greater openness to scams, such as those in which an acquaintance's WhatsApp is hacked and a scammer pretends to be them to ask for money.

Regarding encryption, the WhatsApp team reported that it has a data storage and encryption system that can capture card numbers. This information would be collected on a separate network.

In addition, users themselves receive a confirmation code, verification code and a PIN. It is recommended that these passwords are not passed on to anyone and that only the owner uses them.

It is also important to note that WhatsApp payments are currently being evaluated by Cade (Administrative Council for Economic Defense). The agency, together with the Central Bank, suspended the partnership between Facebook and Cielo, as it believes that choosing only one company as an intermediary does not provide a more competitive market. Bacen is also concerned about privacy conditions.

The bank asked the company, together with Visa, Mastecard, Nubank, Banco do Brasil, Sicredi and Cielo, to present a new model for transfers. In it, WhatsApp will be a type of service provider.