SAO PAULO (Reuters) – Brazil’s central bank on Tuesday authorized Facebook’s messaging service WhatsApp to allow money transfers using card networks Visa Inc and Mastercard, according to a statement.
The central bank had initially suspended WhatsApp’s bid to launch a platform to send money via chats when it was first proposed last June, saying it could damage Brazil’s payments system.
(Reporting by Carolina Mandl; Editing by Christian Plumb)
