WhatsApp discovers the integration of Novi Digital Wallet for global payment transfers

0
41

WhatsApp has been discovered which integrates the Novi digital wallet which allows users to make payments and transfer money worldwide through the instant messaging app through a bank or card. Some recent beta versions of WhatsApp for Android have suggested the update. The platform may also require users to submit their identity documents for verification. Although WhatsApp has not yet confirmed the integration, WhatsApp’s parent company Facebook announced plans to bring all of its payment and financial offerings under the Nova brand while also launching “Meta” as a new business identity.

XDA developers report that new lines of code (discovered when WhatsApp for Android beta version 2.21.23.10 was torn down) suggest the Novi integration. Specifically, the text in the code shows that it would allow users to send money worldwide using the digital wallet.

WhatsApp users may be asked to upload their documents for review before activating the new money transfer experience. In addition, users would also have to go through an identity verification video selfie.

At the end of last month, the WhatsApp beta tracker WABetaInfo reported the Novi integration references in beta version 2.21.22.17. A screenshot was also shared online to suggest the new experience.

WhatsApp plans to integrate Novi for transfers
Photo credit: WABetaInfo

Shortly after Facebook changed its name to “Meta” last month, David Marcus, Head of FinTech at Meta, announced that the parent company was merging its payments and financial services unit and products under the Novi brand.

“Some of these products are branded Facebook Pay, others are unbranded and our wallet is operated under the Novi brand. Therefore, over time, we will combine all existing and future payment and financial services experience under the Novi brand, ”said the executive.

Facebook initially launched its Novi digital wallet as a small pilot project in the United States and Guatemala to enter the digital transfer market. However, it seems to go beyond these two markets and offer Novi to a large number of WhatsApp users over time.

It is important to note that the first references pointing to the new integration come specifically from beta test channels. This means WhatsApp (or the parent meta) may have other plans. In India, too, the change is unlikely to take place in the near future due to regulatory restrictions.

Gadgets 360 has contacted WhatsApp for a comment on the development and will update this section if the company replies.

Follow Gadgets 360 on Twitter, Facebook, and Google News for the latest technical news and reviews. Subscribe to our YouTube channel for the latest gadget and tech videos.

Jagmeet Singh writes on Consumer Technology for Gadgets 360 from New Delhi. Jagmeet is Senior Reporter for Gadgets 360 and has written extensively on apps, computer security, internet services and telecommunications developments. Jagmeet is available on Twitter at @ JagmeetS13 or by email at jagmeets@ndtv.com. Please send your hints and tips. More Google Pixel 6 Pro charges a lot slower than the Samsung Galaxy S21 Ultra, tests show

LEAVE A REPLY

Please enter your comment!
Please enter your name here