Brazil suspends WhatsApp payments


The Central Bank of Brazil suspended the use of Facebook’s WhatsApp payments in the country, which the company had launched on June 15.

In a statement, the institution argues the “possible start or continuity of operations without prior analysis of the regulator could generate irreparable damage to the SPB [Brazilian Payment System], notably with regard to competition, efficiency and data privacy”.

The central bank’s motivation for the decision is “to preserve an adequate competitive

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