to process payments for its WhatsApp messaging service starting in Brazil, the company's chief financial officer told Reuters on Wednesday.
The payments tool in Brazil would allow WhatsApp users to find a company's account through a directory service and make in-app transactions with credit or debit cards. He did not say how advanced the test phase is nor indicate the potential revenue generation for its financial arm Mercado Pago.Mercado Pago was among several companies named by WhatsApp last month as having the necessary technical integration, "many of which" were also participating in production testing.record net revenue of $2.7 billion"We have a very strong relationship with our consumers because we can solve both their financial needs and their commerce needs.
"The market timing was wrong but it had a lot to do with learning about crypto storage, purchasing and selling," he said. "No more purchases and we are not selling either, we are still holders of those assets."