In mid-July, the US launched an investigation into PIX, an electronic payment system created by the Central Bank that replaced bank cards and cash. This solution threatens the business of Visa, Mastercard, and WhatsApp Pay.
This follows a report by Brazil's central bank highlighting the high usage rate of a free and instant payment method.
In Brazil (population of 212 million), the United States launched an investigation in mid-July into PIX, the free instant payment system in Brazil, which can be used for all types of payments and is accessible via all mobile banking apps. The announcement, which follows the imposition of 50% customs duties on Brazil, aims to assess possible anti-competitive business practices against US players such as Visa, Mastercard, and WhatsApp Pay.
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.