WhatsApp’s new payments service is suspended in Brazil
WhatsApp‘s newly launched payment service in Brazil is under threat. On Tuesday, The country’s central bank ordered Visa and Mastercard to shut down the project with the Facebook-owned chat app, citing concerns over its anti-competitive nature. Brazil was the second country after India to get WhatsApp‘s payments feature when it launched on June 15. But now, its future is uncertain. In a statement, the bank said that this decision is to preserve an adequate competitive environment: The reason for the central bank’s decision is to preserve an adequate competitive environment, ensuring an interoperable, fast, secure, transparent, open and economical payment system. The…
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