Central Bank of Brazil

Technology • Internet & Web
Brazilian Central Bank halts WhatsApp’s payments service
Screenshots of WhatsApp Pay in Brazil
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.

Regional News • Americas • Brazil
Brazil central bank chief worried credit not reaching companies
Roberto Campos Neto
Roberto Campos Neto Credit: José Cruz/Agência Brasil

Speaking in an online event Roberto Campos Neto said he is worried that, despite all measures taken by the Brazilian Government, money is not reaching to small and medium-sized companies.

Campos Neto said further measures to boost credit to that sector of the economy will be announced soon.