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Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 3 comments | 08 Apr 25 10:59 UTC | HN request time: 0s | source
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bestouff ◴[08 Apr 25 11:47 UTC] No.43620573[source]▶
> Pix has spiced up Brazil’s fusty banking sector, but it gives the central bank a worrying amount of power

I think a largely prefer a government-run payment system than an US company monopoly.

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dtquad ◴[08 Apr 25 12:23 UTC] No.43620874[source]▶
There are alternatives to both inefficient government-run monopolies and US tech giant monopolies.

Even a small country like Denmark has multiple software and finance companies doing apps and software in the digital payments and banking field.

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1. Gud ◴[08 Apr 25 12:55 UTC] No.43621208[source]▶
Why do you assume a government-run monopoly is inefficient?

You should try to take a train in Switzerland sometime. Its government run and I guarantee you will be mind blown over its efficiency.

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2. wtcactus ◴[08 Apr 25 13:05 UTC] No.43621334[source]▶
You should take one in Portugal, where it’s also government run…
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3. Gud ◴[08 Apr 25 13:17 UTC] No.43621468[source]▶
I made no assumption that government run organisations are necessarily efficient. The comment I responded to implied that government monopolies are inefficient by their nature, which I would argue against.