WhatsApp has been seen integrating the digital wallet Novi that will allow users to make payments and transfer money globally through the instant messaging app via bank or card. Some recent WhatsApp suggested updates for Android beta releases. The platform may also require users to submit their identity documents for verification. While WhatsApp hasn’t confirmed the integration yet, WhatsApp parent Facebook announced plans to bring all of its payments and financial offerings under the Nova brand, launching ‘Meta’ as its new business identity.
XDA Developers reports That new lines of code (seen when tearing down) WhatsApp For Android beta version 220.127.116.11) suggest Novi integration. The text within the code specifically shows that it will allow users to send money globally via the digital wallet.
WhatsApp users may be asked to upload their documents for verification before enabling the new money transfer experience. Apart from this, users will also have to go through a video selfie for identity verification.
Late last month, WhatsApp beta tracker WABetaInfo informed of Novi integration reference within beta version 18.104.22.168. A screenshot was also shared online to suggest the new experience.
soon after facebook launched Its ‘meta‘ David Marcus, head of the fintech unit at Meta, renamed last month announced That parent company is integrating its payments and financial services unit and products under the Novi brand.
“Some of these products are branded on facebook, some are unbranded, and our wallet operates under the Novi brand. So over time, we will integrate all existing and future payments and financial services experiences under the Novi brand,” the executive had said.
Facebook Initially launched my own Novi digital wallet as a small pilot To enter the digital remittance sector in the US and Guatemala. However, it seems to have overtaken these two markets and offers Novi to a large number of WhatsApp users over time.
It is important to note that the initial references suggesting the new integration have been taken exclusively from beta testing channels. This means that WhatsApp (or the parent meta) may have slightly different plans. India is also unlikely to change in the near future due to regulatory restrictions.
Gadgets 360 has reached out to WhatsApp for a comment on the development and will update this space when the company responds.