2020-06-24T15:30:02+00:00

Brazilian Central Bank halts WhatsApp’s payments service

Screenshots of WhatsApp Pay in Brazil Credit: WhatsApp

Just a week after its launch in the country, WhatsApp Pay was suspended by the Central Bank of Brazil.

The bank authority released a statement suggesting it hadn’t had the opportunity to analyse WhatsApp’s payment service before its rollout, and that was a mandatory step before the service could be launched.

WhatsApp payments partners for in Brazil are required to suspend money transfers on the app or will face fines and administrative sanctions.

Sources: Content Sources

Source: Techcrunch

Source: Central Bank statement

Source: UOL

Image Source

Pentributor:

Pedro Baptista @pedrob

🇧🇷 Brazilian lawyer, living in Belo Horizonte and passionate about Galo!

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