Facebook messaging service gets delayed Brazil nod for payments


FILE PHOTO  3D printed Facebook and WhatsApp logos and keyboard buttons are placed on a computer motherboard in this illustration taken January 21 2021. REUTERSDado RuvicIllustrationFile photo

FILE PHOTO: 3D printed Facebook and WhatsApp logos and keyboard buttons are placed on a computer motherboard in this illustration taken January 21, 2021. REUTERS/Dado Ruvic/Illustration/File photo

SAO PAULO (Reuters) - Brazil's central bank on Tuesday cleared the way for Facebook's WhatsApp messaging service to let its users send each other funds using the Visa Inc and Mastercard card networks, months after vetoing WhatsApp's initial attempt.

When WhatsApp tried to launch the transfer service last June, the central bank said it could damage Brazil's existing payments system in terms of competition, efficiency and data privacy, adding that the service had failed to obtain the needed licenses.

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In