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Brazil suspends WhatsApp's new payments system

Updated : June 24, 2020 11:15 AM IST

Some observers called the regulator's decision an overreaction, while others said WhatsApp presented a potential risk in terms of market concentration and privacy.
In a separate setback for the venture on Tuesday, Brazil's antitrust watchdog, Cade, blocked WhatsApp's partnership with credit and debit card operator Cielo to process the payments.
Brazil suspends WhatsApp's new payments system

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