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Brazil's government-run payments system has become dominant

(www.economist.com)
667 points jcartw | 1 comments | 4/8/2025, 10:59:00 AM | HN request time: 0.211s | source
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Galatians4_16 ◴[4/8/2025, 12:40:00 PM] No.43621046[source]▶

Despite a global move towards a cashless society, 54% of Brazilians now opt for cash withdrawals.¹

2024 has seen a surprising reversal, as cash usage makes an unexpected comeback, defying predictions that the world was moving toward a cashless society. With rising cybersecurity threats, concerns over financial privacy, and economic instability, consumers and businesses are increasingly turning back to physical currency as a preferred transaction method.²

¹) https://www.riotimesonline.com/brazil-news/brazils-shift-bac...

²) https://www.adeptswipe.com/cash-makes-a-shocking-comeback-as...

replies(5): >>43621708 #>>43621731 #>>43622380 #>>43625587 #>>43628225 #
1. dakial1 ◴[4/8/2025, 7:26:00 PM] No.43625587[source]▶

According to Brazil's Central bank (and other sources) cash usage is 22%, there is no move whatsoever towards cash.

Source: https://www.bcb.gov.br/content/cedulasemoedas/pesquisabrasil...