These groups are suitable for political activism and social movement organization. Particularly, WhatsApp provides an important space for users to engage in public conversations that worth attention, the public groups. Currently, there are serious concerns that this platform can become a fertile ground for groups interested in disseminating misinformation, especially as part of articulated political campaigns. “Besides that, WhatsApp is open to form new partnerships.In Brazil, 48% of the population use WhatsApp to share and discuss news. “It is a bit odd that the central bank decided to suspend WhatsApp as the regulator is already able to oversee all market participants which joined WhatsApp,” said Carlos Daltozo, co-head of equities at Eleven Financial.
Some observers called the regulator’s decision an overreaction, while others said WhatsApp presented a potential risk in terms of market concentration and privacy. WhatsApp launched its Brazil services without requesting central bank authorization, as it was operating as an intermediary between consumers and financial institutions. If Visa and Mastercard do not comply with the order, they would be subject to fines and administrative sanctions, the statement said.Ī WhatsApp spokesperson said the messaging service would continue working with “local partners” and the central bank to provide digital payments for its users in Brazil using a business model open to more participant, which would address regulators concerns on market concentration.Įarlier on Tuesday, before Visa and Mastercard operations with WhatsApp were suspended, the central bank issued regulation saying it could require market participants to receive previous approval to operate in payments. WhatsApp has over 120 million users in Brazil, its second-largest market behind India, where it has also struggled to roll out a payments system. The central bank’s move is the latest setback in payments for owner Facebook, which pared back its plans for a global payments system called Libra after meeting stiff resistance from regulators. The system, launched last week in a nationwide rollout, allowed users to transfer funds to individuals or local businesses within a chat, attaching payments as they would a photo or video. The central bank said in a statement that rolling out the service without previous analysis by the monetary authority could damage the Brazilian payments system in the areas of competition, efficiency and data privacy.
SAO PAULO/BRASILIA (Reuters) - Brazil's central bank effectively suspended a newly-launched system allowing users of Facebook Inc's WhatsApp messaging service to send money via chats, ordering Visa V.N and Mastercard MA.N to halt payments and transfers via the system.
0 kommentar(er)
