←back to thread

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: 0.403s | source
Show context
bestouff ◴[4/8/2025, 11:47:00 AM] 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.

replies(7): >>43620584 #>>43620865 #>>43620874 #>>43620906 #>>43620937 #>>43624958 #>>43625649 #
nicce ◴[4/8/2025, 11:49:00 AM] No.43620584[source]▶

Payment systems take huge fees. It is always good if they get back to the country and not elsewhere. Digital paying is something fundamental. Like electricity.

replies(3): >>43620757 #>>43625714 #>>43629090 #
1. xethos ◴[4/8/2025, 7:43:00 PM] No.43625714[source]▶

Fast, free, and frictionless payments allow the economy to run better. That's better for the government and the people. Only corporations like Visa and Mastercard lose.