WhatsApp Says Brazil Central Bank Willing to Restore Payments Service

added 28.06.2020 04:39

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Facebook messaging service WhatsApp said on Thursday that Brazil's central bank had said it intended to find a way to restore the payments service in the country by working with Visa and Mastercard.

"The central bank made clear that they support platforms like WhatsApp that are innovating in digital payments," Will Cathcart, head of WhatsApp, said in a statement.

On Tuesday, Brazil's central bank and antitrust watchdog suspended WhatsApp's newly launched payments services, as they see potential damage in the areas of competition, efficiency and data privacy.

Cielo is already the country's biggest acquirer with a 41 percent market share Still, Whatsapp reinforced in the statement its plans to open the service to more players in the future and to provide payments via central bank payments platform PIX.

Brazil is the first country where WhatsApp has announced a nationwide payments service.