←back to thread

Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 1 comments | 08 Apr 25 10:59 UTC | HN request time: 0.204s | source
Show context
afarah1 ◴[08 Apr 25 11:57 UTC] No.43620640[source]▶
WhatsApp is omnipresent for communication in Brazil, and WhatsApp Pay was ready before Pix, but the government blocked the launch to launch Pix first.[1] I rarely see this mentioned.

[1] https://www.reuters.com/article/technology/brazil-suspends-w...

replies(6): >>43620718 #>>43620799 #>>43620932 #>>43621079 #>>43621305 #>>43622632 #
paintbox ◴[08 Apr 25 12:15 UTC] No.43620799[source]▶
It's a question of national security not to let Meta eat that cake, and Brasil made the right choice.

Tangentially related, I've heard talk of EU alternative to VISA and Mastercard, which I also believe is the right direction.

replies(4): >>43620888 #>>43620945 #>>43623107 #>>43628923 #
whimsicalism ◴[08 Apr 25 15:44 UTC] No.43623107[source]▶
i hate this expansion of national security justification and securitization rhetoric - whether it is the US justifying tariffs or deportation or Brazilians justifying no fair play under the law or trying to jail presidential candidates.
replies(1): >>43623496 #
1. owebmaster ◴[08 Apr 25 16:21 UTC] No.43623496[source]▶
> or trying to jail presidential candidates.

not trying, jailing. Soon, we will have the second jailed presidential candidate in less than 10 years. Many Brazilians do believe that this is a sign that the Justice System is working, tho.