A painful blow to the money transfer service via WhatsApp!

The chat and instant messaging application WhatsApp launched during the beginning of last week its new service on the platform and the possibility of transferring money to and from users on the platform with ease and safety, although the service is still limited until now, so it is only available on the Brazilian territory, except She faced a blow.

And Facebook had started testing its new feature for payment via WhatsApp in the state of India during the last period, but this time it announced the launch of its new feature, but only at the level of one country which is the state of Brazil, while waiting for it to be available in other regions of the world, And users of the chat and instant messaging application WhatsApp in Brazil are now able to transfer and receive money on the app via the Facebook Pay platform.

But it seems that the plans of WhatsApp and behind it the parent company Facebook faced a painful blow in the state of Brazil, where the latest news coming from there states that the Brazilian authorities yesterday decided to officially suspend the service with this feature, as the Brazilian Central Bank, which is the highest authority in the country, Of Finance, on the decision of Visa and MasterCard to suspend the new WhatsApp service.

The Brazilian Central Bank says that the reason behind this decision was the desire to maintain an appropriate competitive environment, and to ensure interoperability, speed, security, transparency, and the open and economic nature of the payment system.