Brazil suspends WhatsApp’s payments service

Brazil suspends WhatsApp’s payments service

3 years ago
Anonymous $GRbK1oXs9y

https://techcrunch.com/2020/06/23/brazil-orders-to-suspend-whatsapp-pay-week-after-rollout/

Brazil, the second largest market for WhatsApp, has suspended the instant messaging app’s mobile payments service in the country a week after its rollout in what is the latest setback for Facebook.

In a statement, Brazil’s central bank said it was taking the decision to “preserve an adequate competitive environment” in the mobile payments space and to ensure “functioning of a payment system that’s interchangeable, fast, secure, transparent, open and cheap.”