{"id":242516,"date":"2021-05-05T10:20:08","date_gmt":"2021-05-05T10:20:08","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=316421"},"modified":"2021-05-05T10:20:08","modified_gmt":"2021-05-05T10:20:08","slug":"whatsapp-payments-resurfaces-in-brazil","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/05\/05\/whatsapp-payments-resurfaces-in-brazil\/","title":{"rendered":"WhatsApp payments resurfaces in Brazil"},"content":{"rendered":"

<\/p>\n

\tFacebook reportedly reinstated its money transfer service through messaging app WhatsApp in Brazil, after nearly a year-long suspension [1] by the central bank over competition and privacy concerns.<\/p>\n

Reuters reported the service began operating on Tuesday (4 May) for payments between individual users following local authorities\u2019 approval.<\/p>\n

Transfers with merchants, which are said to be a paid service, are still pending approval and their launch is expected later this year.<\/p>\n

The payments feature will be rolled out gradually, starting with a limited number of users which will be able to invite more people to the service, COO of WhatsApp Matthew Idema told Reuters.<\/p>\n

Facebook launched its WhatsApp payments [2] service in Brazil in June 2020, making the country its first market with full nationwide availability of the offering.<\/p>\n

However, just over a week later it was blocked by Banco Central do Brasil to assess the risks of the move to its payments system SPB and its compliance with various related laws.<\/p>\n

The launch also generated competition, efficiency and data privacy concerns.<\/p>\n

WhatsApp rolled out its payments service [3] in India in November 2020, after a long-running regulatory battle.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/apps\/news-apps\/brazil-suspends-whatsapp-payments
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/money-home-banner\/facebook-moves-on-payments-plan-with-brazil-launch
\n[3] https:\/\/www.mobileworldlive.com\/money\/news-money\/whatsapp-finally-brings-payments-to-india<\/p>\n\n

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Facebook reportedly reinstated its money transfer service through messaging app WhatsApp in Brazil, after nearly …<\/p>\n

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