Mastercard petitions Brazil Supreme Court over halted Will Bank liquidation payments

Mastercard has petitioned Brazil's Supreme Court alleging that the liquidator of Will Bank, EFB Regimes Especiais de Empresas, halted payments from cardholders intended for the fintech's liquidation, disrupting creditor flows since July 24. The company notified the liquidator and the Central Bank but received no resolution, prompting judicial intervention. This marks a legal escalation in the liquidation process of Banco Master's fintech, potentially affecting creditor recoveries and payment system confidence.