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WhatsApp’s new payments service suspended in Brazil

WhatsApp’s new payments service suspended in Brazil

Less than a week after its launch, WhatsApp’s new payment service in Brazil is under threat. The country’s central bank has ordered Visa and Mastercard to shut down the project with WhatsApp, citing concerns over its anti-competitive nature. The bank said that rolling out the service without previous analysis could damage the Brazilian payments system in competition, efficiency and data privacy.

Chris
Chris
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