WhatsApp Pay could make a comeback in Brazil

WhatsApp had introduced its first payment service in Brazil earlier this weekbut later the company had to withdraw it. Now the company claims 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.

In a statement, Head of WhatsApp Will Cathcart said, “The central bank made clear that they support platforms like WhatsApp that are innovating in digital payments.”

The WhatsApp payment was suspended by Brazil’s central bank and antitrust watchdog as they realized the potential damage in the areas of competition, efficiency and data privacy. Regulators also blocked WhatsApp partnerships with Visa, Mastercard and Cielo SA.