In a statement on its website, the monetary authority said the decision was made to “preserve an adequate competitive environment, that ensures the functioning of a payment system that’s interchangeable, fast, secure, transparent, open and cheap”.
Speaking about the decision to Bloomberg, an insider said the news came as a surprise as the two parties had been in regular contact in the run-up to the launch. While a WhatsApp spokesperson said: “Our goal is to provide digital payments to all WhatsApp users in Brazil using an open model and we will continue to work with local partners and the Central Bank to make this possible.
“In addition, we support the Central Bank’s PIX project on digital payments and together with our partners are committed to work with the Central Bank to integrate our systems when PIX becomes available.”
Published at Fri, 26 Jun 2020 06:01:00 +0000