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Finance

Eli
Digital Marketing
Brazil’s Central Bank has suspended Facebook’s WhatsApp payments feature in the country, just over a week after the messaging service announced its launch, Bloomberg reports. In a statement, the central bank said that it had taken the decision to ensure competition in the payment system market. Bloomberg notes that the bank will use the suspension to evaluate potential risks to the country’s payment infrastructure, and to work out whether WhatsApp is compliant with regulation. https://www.theverge.com/2020/6/24/21301470/whatsapp-payments-brazil-suspended-central-bank-risk-regulators