WhatsApp has been spotted integrating digital wallet Novi that would allow users to make payments and transfer money globally via the instant messaging app through a bank or card. Some recent WhatsApp for android beta releases have suggested the upgrade.
The platform may also require users to submit their identity documents for verifications. Although WhatsApp has not yet confirmed the integration WhatsApp parent Facebook did announce plans to bring all its payments and financial offerings under the Novi brand while launching meta as its brand-new business identity.
XDA developers report that brand new line of code suggested the Novi integration. The text within the code particularly shows that it would allow users to send money globally through the digital wallet.
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WhatsApp users may be asked to upload their documents for verifications before enabling the brand-new money transfer experience. Further, users would also be required to go through a video selfie for identity verifications.
Shortly after Facebook launched its meta renaming last month David Marcus head of Fin Tech unit at meta-announced that the parent agency is unifying its payments and financial services unit and products under the Novi brand.
Facebook initially rolled out its Novi digital wallet as a small pilot in the US to enter the digital remittances category. However, it appears to go beyond these two markets and offer Novi to a larger number of WhatsApp users over time.