Brazil's government-run payments system has become dominant

We have a saying in Brazil that absolutely no part of our government works, except for our IRS. Pix is such a huge win for them. Brazil has a huge informal/illegal economy that employs more people than those who are lawfully employed (40M vs 39M). We have an effective tax plus legal compliance rate of around 60%, that really stifles down anyone attempting to open a legit business in an already harsh environment. Pix has not yet been used to crack down on the informal sector, but with sufficient motivation and some data analysis, it absolutely can be.

>no part of our government works

after learning a bit about other countries, i would argue that we are better than most, we just compare ourselves with first world european countries, but even when comparing with USA we are fine in a lot of fronts

> Pix has not yet been used to crack down on the informal sector, but with sufficient motivation and some data analysis, it absolutely can be

It will. Every single Pix transaction is reported to the tax authorities. It's only a matter of time.