Facebook relaunches WhatsApp money transfers in Brazil

3D printed Facebook and WhatsApp logos and keyboard buttons are placed on a computer motherboard in this illustration taken January 21, 2021. REUTERS/Dado Ruvic/IllustrationFacebook’s (FB.O) WhatsApp messaging service relaunched on Tuesday its transfer money services between individuals in Brazil, after it was blocked by the central bank nearly one year ago, Chief Executive Mark Zuckerberg said in a Tuesday video.Brazil is the second country where the messaging service launched money transfers. In India, WhatsApp’s biggest market with 400 million users, it got approval to start financial services in November. By using debit or pre-paid cards numbers, WhatsApp’s 120 million users in Brazil are able to send each other up to 5,000 reais per month through the messaging service free of charge. Initially, the system will not allow each transaction to surpass 1,000 reais or more than 20 transfers per day.The roll out of the new feature will be phased, Chief Operating Officer Matthew Idema said in an interview. Starting today, a limited and undisclosed number of users will get a payment tool in their app. With that, they will be allowed to invite new users.In June, WhatsApp had launched its payments services in Brazil, but the central bank suspended it…
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