Brazil Daily

Central Bank blocks WhatsApp payment system

WhatsApp Pay halted by the Central Bank. What will happen to the 2020 election? And the government finally announces plans for mass testing.

WhatsApp Pay is Zuckerberg’s latest setback 

Brazil’s Central Bank has effectively suspended WhatsApp Pay — a peer-to-peer transfer system that launched just last week–– which allows users to send money via the popular instant messaging app. It ordered Visa and Mastercard to halt payments as it wants to further scrutinize the service before giving its authorization. In a statement, the bank said that allowing the service without examination could jeopardize Brazil’s payment systems in three areas: competition,...

Access all of The Brazilian Report

Less expensive than a coffee!

Enjoy your 30-day limited-time offer for US$ 0.25 a week