Re:Brazil Suspends WhatsApp Payments
by rescbr on Thursday June 25, 2020 @08:14AM
(#23639722)
> the country is deeply hostile to capitalism and innovation
Sure, but payment processing, money transfers, e-wallets etc. are regulated matters in Brazil as they are in the EU and in the US.
Facebook is not registered as a financial institution and is not a participant in the Brazilian Payments System, unlike PayPal and other local and international players, so you can figure out why the Central Bank put a stop to Facebook's launch.
Sure, but payment processing, money transfers, e-wallets etc. are regulated matters in Brazil as they are in the EU and in the US.
Facebook is not registered as a financial institution and is not a participant in the Brazilian Payments System, unlike PayPal and other local and international players, so you can figure out why the Central Bank put a stop to Facebook's launch.