Brazil Will Authorize Payments System for WhatsApp If Certain Norms Followed
| < 1 minute read
Brazil’s central bank will approve a payment system involving Facebook Inc’s WhatsApp messaging service, to send money and make payments via chats, as long as all rules are respected, director Joao Manoel Pinho de Mello stated on Monday.
“We view the entry of ‘big tech’ as a huge opportunity. Everyone can participate. We will allow it, no problem. People can take whatever path they want, (do) whatever initiatives they want,” as long as rules are met, he confirmed during a live online event hosted by the Genial Investimentos.
The central bank suspended and put on hold the newly launched WhatsApp payment service last month and said it is analyzing and rectifying whether the service can operate safely in terms of data protection and competition.
About the author
Get Updates To Your Inbox
We’re a group of dental surgeons and technocrats trying to eliminate dental diseases and changing the oral healthcare ecosystem in India through holistic dentistry and smart technology. We’ve created India’s first free dental helpline which is functional 24×7, and India’s first free dental checkup app which is made and tested by dentists.