WhatsApp Pay relaunched in Brazil
The payment service was approved by the country's authorities following its suspension in June 2020.
The payment service was approved by the country's authorities following its suspension in June 2020.
A new survey reveals the current priorities as institutions sought to adapt to requirements stemming from the pandemic.
After being postponed for nearly a month, the most critical phase of the project goes live.
According to the Central Bank, pilots for the Real Digital project should commence in the fourth quarter despite delays prompted by a strike.
The plans to launch a digital real are part of the central bank's modernization agenda for the country's payments industry.
Financial inclusion via the national emergency aid scheme and the roll-out of instant payments are among the factors boosting adoption of mobile platforms, which account for more than half of all banking transactions in Brazil, according to research.
The technology will be rolled out to 10 million clients as part of the bank's strategy to boost security and shift more processes to the online channels.
The completion of the roll-out in December will mark the start of the migration into Open Finance in the country.
The next phase of the implementation has been delayed in one month as institutions adapt their systems for the new model.
The new stage will integrate non-banking services and mark the transition into open finance.