Brazil Govt. Suspends Use Of Whatsapp Digital Payment.

On Tuesday Brazil Government announced the suspension of the use of Whtasapp digital payment.

Brazil’s central bank announced that it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive.

Brazil, which has the second-most WhatsApp users worldwide after India, was the pilot country for the platform’s new integrated payments feature, which it launched on June 15 with an eye to rolling it out worldwide.

The in-app payment feature, which could be accessed directly within a conversation with a participating business, was free for users.

But the central bank, which regulates payment systems in Brazil, put the new feature on hold indefinitely.

WhatsApp, which is owned by Facebook, is the most popular mobile messaging app in the world, with more than 1.5 billion monthly users globally, according to market tracker Statistica.