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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: 0.207s | source
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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...

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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.

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1. locallost ◴[09 Apr 25 04:41 UTC] No.43628923[source]▶
> Tangentially related, I've heard talk of EU alternative to VISA and Mastercard, which I also believe is the right direction.

There is Wero, I guess similar to Pix as an alternative for instant payment like PayPal, but it's meant to be used with your bank account and not a lot of banks support it.