Pix achieves dominance
Issue 707: 25 April 2025
Illustration: EBOY
Brazil’s government-run payments system has become dominant
In November 2020 the Central Bank of Brazil (BCB) launched Pix, a digital payment system, into the teeth of the covid-19 pandemic.
Avoiding physical contact at a time when that was much desired, instantaneous, free and easy-to-use,
Pix took off.
Users need the recipient’s natio…
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