Brazil giveth and Brazil taketh away, as WhatsApp Payments, which were rolled out countrywide last week, are now on hold.
Banco Central do Brasil posted a notice on its website Tuesday, reading (translated from Portuguese): “Within the scope of its duties as regulator and supervisor of payment arrangements in Brazil, the Central Bank ordered Visa and Mastercard to suspend the start of activities or immediately stop using the WhatsApp application to initiate payments and transfers within the scope of arrangements instituted by these supervised entities.
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