WhatsApp tests digital payment system

WhatsApp has become a very popular messaging application precisely because of its constant integration of new features that promise to improve the user experience. Last year, the app received several additions such as group voice and video calls, as well as support for popular stickers.

This year, the messaging platform is working on another big improvement

WhatsApp may soon support its own payment system, which works similar to Apple Cash, designed to send money through iMessage.

The information comes from Bussiness Today and says the feature is being tested by some people in India, and that it may be unique to the country at launch, reaching other parts of the world later.

Quoting words from Will Cathcart, WhatsApp’s global director. Bussiness Today said the transaction would be; “as easy as sending a message on the platform.”. In addition, it was found that WhatsApp has developed a system designed to store payment data in compliance with Reserve Bank of India policies, which can confirm the intent of the application.

There is still no concrete information about the arrival of the service. But it is assumed that, as mentioned. It will arrive by the end of the year in India, and in other countries after its initial launch. This may be the company’s new strategy to make it easier for users to perform tasks within the app. Even if it goes against the policies of some services, such as the Play Store.

India is considered one of the most promising markets for the future of electronic means of payment. According to an estimate by Credit Suisse, the country has the potential to move about $ 1 trillion. Or about $ 3.75 trillion (at current price) in 2023. For comparison, today electronic payment means move around $ 1.36 trillion in Brazil. According to the Brazilian Association of Credit Card Companies and Services (Abecs)

With functionality, WhatsApp appeals to businesses that use the app as a means of customer relationships.

According to Quartz in India, it is common for movie tickets and hotel reservation vouchers to be sent via the platform, for example. However, there was a way to close the transaction through the app itself.

In addition, WhatsApp takes a major step in competition with WeChat, a Chinese app that has been offering payments within its interface for some time. WeChat has recently implemented several new features that go beyond messaging, including even divorce requests.

// Canada will invest $ 1.7 billion in satellites to improve internet in the country.

Telesat, a Canadian telecommunications company and SpaceX’s Internet competitor, wants to connect remote regions with its low-orbit (LEO) satellites. Now, it appears to have the backing of the country’s government. Which has announced a contribution of $ 600 million to the next satellite fleet. Another $ 85 million will be used to create 500 new jobs. Invest in research and promote education in the area of ​​”science, technology, engineering and mathematics”.

Navdeep Bains, Canada’s Minister of Innovation, says high-speed internet access is not a luxury. And Canadians should have access to it no matter where they live. “Today’s announcements will give us an idea of ​​what future connectivity for rural and remote communities will look like. It will also ensure that innovative Canadian companies such as Telesat and its partners remain world leaders, creating highly skilled jobs in Canada.”

Telesat is advancing its goal of establishing a constellation of 292 low-orbit (LEO) satellites to provide satellite internet services by the end of 2022. In January, the company reached an agreement with Blue Origin of Jeff Bezos to deploy the satellites and Loon from Alphabet to supply the network system. Some companies are currently vying for the construction of the $ 3 billion Telesat constellation.

Telesat’s LEO network will be 35 times closer to Earth’s orbit than traditional satellites.

Providing a shorter trip to internet signals. Such a system is expected to easily integrate with existing terrestrial networks and provide fiber quality internet anywhere on Earth. Telesat expects to provide minimum speeds of 50/10 Mbps per household.

Rural Canada has long been considered a “blackout zone” with very slow connection speeds. In Canada’s cities, in turn, 96% of the inhabitants have access to speeds of at least 100 Mbps. Telesat’s venture – which is expected to earn $ 1.2 billion in revenue over the next ten years. Is also expected to help overcome this digital barrier.

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