Brazil's central bank created a low-cost instant digital payment system called Pix while the politicians were elsewhere engaged. It 's been a huge success. Web page here, in a poor English translation: https://www.bcb.gov.br/en/financialstability/pix_en . I may be getting this wrong, but the Banco do Brasil seems to have socialised the small payments market. The commercial banks are IIRC allowed to charge merchants but not households, and while the banks may not like it, the popularity means they can't afford a boycott.
Well we know that any legislative change isn’t likely with the Gov of Sh!t Lite or Sh1t (TM JuiceMedia), plus we’re aren’t the Soviet Union!
Brazil's central bank created a low-cost instant digital payment system called Pix while the politicians were elsewhere engaged. It 's been a huge success. Web page here, in a poor English translation: https://www.bcb.gov.br/en/financialstability/pix_en . I may be getting this wrong, but the Banco do Brasil seems to have socialised the small payments market. The commercial banks are IIRC allowed to charge merchants but not households, and while the banks may not like it, the popularity means they can't afford a boycott.
James Wimberley