WhatsApp to provide peer-to-peer payments services in Brazil soon: Central bank chief

BRASILIA: WhatsApp, the messaging service of Facebook Inc, will soon enter the Brazilian market providing peer-to-peer (P2P) payment services, central bank president Roberto Campos Neto said on Monday.

In a press conference marking the launch of the central bank’s new “PIX” instant payments platform, Campos Neto also said the central bank has held talks with Google and other “big tech” firms about entering the instant payments market in Brazil.

“WhatsApp will start starting doing P2P soon. I have talked a lot with their CEO, we are making good progress. He has told me that the process (with us) was faster than in other countries,” Campos Neto said.