How the payment feature will look like
Stripe, a financial infrastructure platform for businesses, today announced a partnership with WhatsApp that allows Singapore businesses to accept payments directly in WhatsApp chats.
The new feature is built on Stripe Connect and Stripe Checkout, and enables Singapore customers and businesses to buy and sell directly in WhatsApp without having to go to a website, open another app, or pay in person.
The option to enable payments on WhatsApp in Singapore is available to local businesses using the WhatsApp Business Platform, which will include a Stripe account. The feature is currently available to a small number of Singapore-based businesses and will be available to many more in the coming months.
Supported payment methods include credit and debit cards, and PayNow, a real-time payment system popular in Singapore.
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Singapore businesses that accept payments with WhatsApp chat also gain access to the Stripe Dashboard, a tool for managing all of their Stripe data in one place.
“Starting today, people in Singapore can pay their local merchants on WhatsApp in just a few taps,” said Stephane Kasriel, head of fintech at Meta, the company behind Whatsapp.
Since it launched in 2010, Stripe has featured more than 100 optimisations that enhance every aspect of the checkout experience, including pre-built payment UIs and more than 40 payment methods.
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Image Credit: Stripe
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