Campos Neto noted that WhatsApp’s payment service would start operating with 120 million users – its customer base in Brazil – which according to the central bank is a significant scale and, therefore, requires a more thorough analysis. — Reuters
BRASILIA: Brazil’s central bank president said on July 2 that Facebook Inc messaging service WhatsApp would be allowed to launch its new payments service in the country, but called for proof it can operate safely in terms of data protection in a competitive market.
“We are not saying that it is not competitive, we just want them to ask for authorisation and to show us how it will work for us to make sure it is competitive,” Roberto Campos Neto said in a webcast organized by local newspaper Correio Braziliense.
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