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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