Brazil approves WhatsApp payment services

Brazil approves WhatsApp payment services

Economy & Policy Brazil United States Technology Digital Payments Retail shopping Regulation

Brazil's central bank has authorized US messaging app WhatsApp to allow users to send money to each other via Visa and MasterCard, according to a statement late Tuesday. Facebook, which owns WhatsApp, and local credit card company Cielo attempted to introduce payment services on the messaging app in June last year, but the central bank and anti-trust agency CADE stopped the rollout to evaluate the effect on the market. CADE lifted the suspension that same month, saying the service would not limi

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