Brazil’s Reserve Bank to Again Allow WhatsApp P2P Payments
Brazil’s reserve bank will again allow Facebook-owned WhatsApp to offer peer-to-peer payments services in the South American country, Crowdfund Insider reports.
The decision to permit WhatsApp to again facilitate transactions in Brazil has come nine months after the service had been suspended.
In June of last year, Brazil notably became the first country to carry out a countrywide launch of WhatsApp’s P2P payments platform. However, only 10 days after the launch, the Brazilian reserve bank decided to shut down the service, while asking Visa and Mastercard to suspend their plans to provide payments and transfers via WhatsApp.