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666 points jcartw | 1 comments | | HN request time: 0.202s | source
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DanielHB ◴[] No.43620800[source]
Sweden has had a similar system for several years before PIX in Brazil. It is also integrated with the digital ID system (BankID). The main difference is that the Swedish system is ran through a private organization managed by all the major banks (and the central bank) in conjunction. So the central bank doesn't have direct access to the transaction data technically.

While the Brazilian system is only interacted directly through your bank application, the Swedish application is a separate application tied to your bank account in the backend. Given the... quality of bank apps this is a huge plus. The Swedish Swish app is MUCH easier to use because it only does one thing. My Brazilian mother does not know how to send PIX because her bank app is very confusing and the PIX option is just one of many.

The BankID system of Sweden though is even more impressive than money transactions, pretty much everything government related (including healthcare, taxes, etc) and most private institutions (bank apps, Swish, digital contract signatures) is done through the unified BankID login.

People raised concerns over privacy, but the main problem really is that since these systems cut out the middle man (Visa/Mastercard) and have no fees you also have no fraud protection which is something to keep in mind when using them. Once you send the money it is gone, the banks will not give it back to you even if you got scammed. It creates a whole sort of scam industry in both countries.

https://en.wikipedia.org/wiki/Swish_(payment)

https://en.wikipedia.org/wiki/BankID

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1. carlos_rpn ◴[] No.43621186[source]
My suggestion would be to create an account for her with Nubank or Mercadopago, which are easier to use, faster to login than any banking apps, and have PIX more readily available after login, and then keep some money on the new account just for the kind of purchases she'd use pix for. I do that for myself just for ease of use.