WhatsApp partners Stripe to enable in-app business payments in Singapore
Messaging giant WhatsApp has partnered up with Stripe to allow Singapore businesses to accept payments directly in WhatsApp chats.
WhatsApp taps Stripe to enable business payments in Singapore
By leveraging Stripe’s Connect and Checkout solutions, WhatsApp will provide Singapore customers and businesses with a new feature that allows them to buy and sell directly on WhatsApp, without having to go to another website or app to complete the transaction.
The new feature will support payment methods including credit and debit cards and PayNow, a real-time payments method used widely in Singapore.
Local businesses will be able to avail the new feature through the WhatsApp Business Platform, which will include a Stripe account. The feature is currently available to a small number of Singapore-based businesses, with a wider rollout planned in the coming months.
“Most people I know in Singapore use WhatsApp to chat with each other. Now, they can pay local businesses using the app as well,” says Sarita Singh, regional head and managing director for Southeast Asia at Stripe.
“The speed and convenience of payments through WhatsApp will help businesses expand their revenue streams with new channels and access a wider customer base.”
The move comes just months after the Brazilian central bank gave Meta the go-ahead to launch its WhatsApp business payments feature in the country.
