Reported about 10 hours ago
Brazil's central bank emphasizes that its Pix payment system does not compete with financial institutions, serving instead as a neutral public infrastructure that promotes efficiency and inclusivity in the market. Pix, launched in 2020, has significantly transformed Brazil's payment landscape by integrating millions into the financial system and reducing reliance on traditional payment methods. The central bank stresses its focus on public good rather than profit, ensuring safety and competitiveness in payments.
Source: YAHOO