(Adds details of central bank statement)
BRASILIA, June 23 (Reuters) – Brazil’s central bank effectively suspended recently launched Whastsapp digital payments, ruling that Visa and Mastercard must suspend payments and transfers on Facebook’s WhatsApp in the country, according to a statement.
In the statement, the central bank said operations without previous analysis by the monetary authority could damage the Brazilian payments system, including on competition, efficiency and data privacy.
If Visa and Mastercard do not comply with the order, they would be subject to fines and administrative sanctions, the statement said.
Cristian Abreu Hidalgo
Facebook, Mastercard and Visa did not immediately reply to requests for comment
Reporting by Isabel Versiani; writing by Jake Spring; Editing by Lisa Shumaker