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Brazil’s central bank suspends WhatsApp payment processing, India also throttled

by CBDC Insider Staff
June 24, 2020
in Business, South America
Reading Time: 1min read
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Brazil’s central bank suspends WhatsApp payment processing, India also throttled
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Yesterday Banco Central do Brasil instructed Visa and Mastercard not to start processing payments for the WhatsApp application and to cease if they have begun. WhatsApp Pay launched in Brazil this month.
The motivation given by the Bank was to “preserve an adequate competitive environment, which ensures the functioning of an interoperable, fast, secure, transparent, open and inexpensive payment system.”

continue read: https://www.ledgerinsights.com/brazil-central-bank-suspends-whatsapp-pay-india-throttled/

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