Why Brazil's decision to block WhatsApp payments damages Facebook's dream of becoming a worldwide 'super app'

Business Insider

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· In Brazil, 98% of phones have WhatsApp — it's pre-installed on many cheaper phones, and WhatsApp data is often excluded from users' plans, meaning they can use it an unlimited amount.
· In July, Brazil's central bank pulled the plug on Facebook's WhatsApp payments platform, just days after it launched, citing competition...

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