# WhatsApp says Brazil central bank willing to restore payments service | Tech News (HT Tech) > On Tuesday, Brazil's central bank and antitrust watchdog suspended WhatsApp's newly launched payments services. # WhatsApp says Brazil central bank willing to restore payments service ## On Tuesday, Brazil's central bank and antitrust watchdog suspended WhatsApp's newly launched payments services. Aug 20 2022, 21:43 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Brazil is the first country where WhatsApp has announced a nationwide payments service.](https://images.hindustantimes.com/tech/img/2020/06/25/960x540/2020-06-24T020533Z_1_LYNXMPEG5N047_RTROPTP_3_HEALTH-CORONAVIRUS-WHATSAPP_1593102546922_1593102567963.JPG) Brazil is the first country where WhatsApp has announced a nationwide payments service. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS Facebook Inc messaging service WhatsApp said on Thursday that Brazil's central bank had said it intended to find a way to restore the payments service in the country by working with Visa Inc and Mastercard Inc. "The central bank made clear that they support platforms like WhatsApp that are innovating in digital payments," Will Cathcart, head of WhatsApp, said in a statement. On Tuesday, Brazil's central bank and antitrust watchdog suspended WhatsApp's newly launched payments services, as they see potential damage in the areas of competition, efficiency and data privacy. Regulators blocked WhatsApp partnerships with Visa, Mastercard and Cielo SA . Also read click here. As Cielo is the only card acquirer in a deal with WhatsApp, Brazil's antitrust watchdog Cade is investigating if the terms of the partnership could favor it in terms of exclusivity. Cade estimates WhatsApp could increase Cielo's card transactions by 10% in a conservative scenario. Cielo is already the country's biggest acquirer with a 41% market share Still, Whatsapp reinforced in the statement its plans to open the service to more players in the future and to provide payments via central bank payments platform PIX. Brazil is the first country where WhatsApp has announced a nationwide payments service. It has over 120 million users, its second largest market behind India. The central bank did not immediately comment on the matter. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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