Original article: PIX: el sistema de pago brasileño presionado por Visa y Mastercard

Brazil’s Pix Payment System Faces Pressure from Visa and Mastercard

In just over five years, Brazil has achieved what few countries have managed: establishing a digital payment system that not only competes directly with American giants Visa and Mastercard but has also surpassed them in transaction volume. However, this success has ignited a geopolitical and commercial battle that threatens to hinder this financial revolution. The administration of Donald Trump, influenced by credit card companies, has launched a commercial investigation into Pix, alleging anti-competitive practices, prompting Brazilian President Luiz Inácio Lula da Silva to proclaim a nationwide campaign: “Pix is ours, my friend” .

El Ciudadano Team

A Financial Giant in Record Time

Pix is the instant payment system developed and managed by the Central Bank of Brazil (BCB).…