Rakuten Viber launches in-app payment | TechBuzz

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By introducing a secure solution for cross-border digital payments, Viber has reached the status of “super app”

LUXEMBOURG, July 27, 2022.Rakuten Viberthe global leader in private and secure messaging and voice communications, expands business to digital payments with a mobile wallet available within the Viber app. The new feature will allow Viber users to easily send money to other people and businesses as well as set up a digital wallet to store money, for the beginning of the euro. Expansion to other currencies is also planned, along with new services that will be available soon.

viber payment

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Rakuten Viber enters the global digital payment market with a global user base of several hundred million consumers and a strong security reputation based on automatically set and two-way encryption for private communications. McKinsey estimates that the global payments market, including cross-border transactions, domestic transfers and credit card payments, will grow to 2.5 trillion dollars by 2025.

Initially, Viber payments will be available in Greece and Germany, and in the near future it will be extended to other countries. Viber is installed on 91% of smartphones in Greece, and German Stiftung Warentest named it one of the most secure messaging apps.

Adding funds to the digital wallet will be possible via Mastercard and Visa cards and local banks. In order to be able to provide licensed payment services in the first markets, Viber has partnered with Rapyd, a global fintech-as-a-service company. Rapyd will implement its licensed payment processing services in the Viber application, thereby strengthening the in-app payment capabilities. Once available in more countries, Viber users will be able to access a number of additional financial services, including:

  • Viber-to-Viber payments wallet for domestic and cross-border transactions in euros, with plans to introduce other currencies soon
  • Bank transfers for easy payment of routine expenses such as electricity bills
  • Exclusive discounts and rewards local partners
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In order to use Viber payments, users will need to set up a personal identification code or biometric recognition to enable secure transactions. Payment confirmations are sent automatically with mutual encryption. For complete peace of mind, Viber’s support team will answer questions in local languages.

viber secure payment

The addition of a seamless in-app wallet payment solution and other innovative features to be introduced are a natural evolution of Rakuten Viber positioning itself as a stand-alone super-app. As of 2019, Viber users have completed millions of peer-to-peer transactions in over ten markets through various third-party chatbot and chat extension integrations

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“Rakuten Viber is already one of the world’s best messengers, and thanks to fintech capabilities, Viber will expand its functionality and become an absolutely necessary application for hundreds of millions of users. Customized payment features will allow users to easily connect and transact domestically and cross-border without leaving their messaging platform,” he said. Ofir Eyal, CEO of Rakuten Viber. “Viber’s superior security and privacy protection combined with the high standards of payment service partners like Rapyd create a simple and secure alternative for conducting personal and business transactions.”

“We are delighted that Rapyd has become a licensed cross-border payment solution powered by Rakuten Viber, making it one of the first messaging platforms to offer secure in-app payments to a global user base,” he said. CEO of Rapyd Arik Shtilman. “At Rapyd, we develop payment technology that removes the background issues of cross-border trade and payments. In this partnership, the combined strength of Viber’s commitment to security and Rapyd’s seamless payment capabilities means that millions of users can feel secure when conducting financial transactions through one messaging app.”

As payments roll out in other countries, Rakuten Viber will add more currencies and features, including coupons and other cash rewards from sellers and merchants using the system.

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