WhatsApp may soon allow users to transfer money worldwide. The Facebook-owned cross-messaging platform has been seen to integrate digital wallet Novi, which will help users transfer money around the world through the app.
Apparently, a beta update for Android suggested earlier versions. Discovered by the people of Novi Integration XDA Which claims to have found it in a new line of code during an APK teardown of the app According to the report, the text in the code should state that it will require some document verification to transfer money through the app via digital wallet.
The report mentions that WhatsApp users have to go through a video selfie to verify their identities. When the XDA developers were able to dissect the integration, the WhatsApp tracker WABetaInfo app released the Novi integration reference in beta version 220.127.116.11. The outlet even shared a screenshot to suggest functionality.
Although nothing is fixed yet, reports predict that the verification may be related to a new integration with Meta, formerly known as Facebook’s Novi wallet app.
To recall, Facebook rolled out Novi Digital Wallet through an ongoing pilot program for users in the United States and Guatemala. To put things in perspective, the digital app basically allows users to transfer and receive money across the border via Pax Dollars at no charge, a digital currency that is linked to the US dollar. WhatsApp currently has person-to-person payment support in India and Brazil While the company seems to be adding a new way to send money through Novi, it remains to be seen how it will be implemented in different regions.
GSMA Arena Specifies that verification requirements will depend on the region where WhatsApp plans to integrate Novi for global payments. WhatsApp India uses UPI for payment, so users in the country will not need to submit any documents for verification to continue sending or receiving money. It states that the decoding of the integration is done primarily through a ‘beta testing channel’, which WhatsApp may or may not change in the future.
Post WhatsApp may soon allow global payments transfers but the first BGR to appear in India in a limited area.