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Brazil central bank to launch Pix installment feature in September

reuters.com

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Re: Brazil central bank to launch Pix installment feature in September

#101

Post by marcosdumay »

voxleone wrote: post #29
ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

It may be good, but what does the Brazilian law say[0]? In 2021, Brazil enacted Law No. 14.063, which governs the digitalization of public services. Its Article 16 is clear: “Information and communication systems developed exclusively by the public administration shall be governed by open-source licenses, allowing their unrestricted use, copying, modification, and distribution by all public agencies and entities.” In…

You are complaining that the if the government publishes software it must be open source, and that data (without even looking at what data) can be requested by a judicial order?

Re: Brazil central bank to launch Pix installment feature in September

#102

Post by marcosdumay »

renrutal wrote: post #75
mrisoli wrote: post #60

Earlier quoted context omitted.

Interestingly, I've spotted a few places in Portugal already accepting Pix as a form of payment, catering to a large demographic of Brazilian immigrants and tourists.

There is no PIX in Portugal, or places other than Brazil. What they have there is a Brazilian person receiving payments from another Brazilian person, only through Brazilian accounts, all happening remotely in Brazil(at least for now)

What they have is a payment gateway that integrates the Portuguese and Brazilian payments by doing a transfer at each side.

It's the same thing as buying stuff from China with PIX, but the gateway is more hidden from the Portuguese accounts.

Re: Brazil central bank to launch Pix installment feature in September

#103

Post by brainwad »

miltava wrote: post #71
brainwad wrote: post #51

Earlier quoted context omitted.

Reducing merchant fees seems like a mistake if you are in competition with both cash (which has high intrinsic merchant costs) and credit cards (which has low intrinsic costs, but which are padded so they're closer to the costs of cash, with consumer cashback coming out of this padding). I'm certainly not going to _choose_ to receive less cashback, as a consumer.

Pix costs are very low and the fee for the merchant as well. They pay less for it and get the money instantly. That’s why many small merchants only accept pix and some big merchants offer discounts for payments using it.

Discounts for Pix vs cash sound cool and a fine alternative to cashback via the payment system. Though I can imagine this might be hard in some countries, where there is a strong pro-cash lobby.

Re: Brazil central bank to launch Pix installment feature in September

#104

Post by marcosdumay »

gruez wrote: post #64
ozgrakkurt wrote: post #59

Earlier quoted context omitted.

It is just better in my experience. You just scan a QR code and pay. Not much point of using a credit card unless you want to spend money that you don’t have. Or to think you are making “points” by spending more money

>It is just better in my experience. >You just scan a QR code and pay. Tap to pay (ie. NFC) with credit cards is as convenient and arguably more convenient than a QR code solution. At the very least you don't have to worry about aiming at the QR code and waiting for it to scan/focus, which is especially important if you're using it on transit systems.

Tap to pay leaves you at the mercy of all the usual bullshit credit card processors impose.

What means that if you have a very normal behavior, yes, it's more convenient. If you deviate from the norm in any way, it's an unreliable piece of shit that will leave you hanging without money the moment you need it most.

And as deviant people drop out of that system, the bar for deviance gets lower and lower.

Re: Brazil central bank to launch Pix installment feature in September

#105

Post by xcf_seetan »

Tmpod wrote: post #94
rcruzeiro wrote: post #17

Earlier quoted context omitted.

Systems like these are very common in Europe. Here in Norway, you can pay for almost anything, anywhere with Vipps. It works very similarly to Brazilian Pix. Another system I have used in the past is the Portuguese MBWay which although similar to Pix and Vipps, doesn’t seem to be as widely adopted as the former.

I don't think I know a single person that doesn't have MBWAY, but I'm younger than 30, so that might have something to do with it. Even then, everywhere you go, unless they're really small or old places that still don't accept anything other than cash, you can pay with MBWAY, through a QR code or NFC. All POS terminals support that nowadays. You can even add an email address and VAT number and newer terminals automat…

Now you know! :)

Re: Brazil central bank to launch Pix installment feature in September

#106

Post by mkbkn »

hshdhdhj4444 wrote: post #13
diego_moita wrote: post #9

I believe the greatest story behind Brazil's Pix, India's UPI and Kenya's Mpesa is the emergence of a lot new forms of money. We will have strong national currencies supported by these payment systems, destroying Visa and Mastercard and hurting PayPal, Apple Pay and Google Pay. These systems have a lot more potential than most people imagine (e.g.: micro lending , even for illiterate people). We will have "gangster m…

One of the key benefits of India’s UPI is that it’s removed the middle man when it comes to benefits to the poor which has drastically reduced corruption and ensured the money goes to the people it’s supposed to. The West likes to paint the government success in India around religious terms, but in reality, it’s the actual improvement in life driven significantly by the adoption of UPI that’s played the biggest role.

How has UPI reduced corruption? Please enlighten me.

Re: Brazil central bank to launch Pix installment feature in September

#107

Post by [deleted] »

rescbr wrote: post #21
diego_moita wrote: post #11

Earlier quoted context omitted.

> There were reports that Apple doesn't want to implement on Apple Pay... No surprise. 1. Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal. 2. If Apple were to implement it they wouldn't be able to get away with the huge margins they charge.

> Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal. Apple has 9% market share in Brazil. This is not irrelevant. It’s not a luxury thing for millionaires, but rather a status symbol for the middle class. There’s this whole market of iPhone leasing plans where you get a new phone whenever Apple releases a new one, banks offering 21x installment payment plans t…

[deleted]

Re: Brazil central bank to launch Pix installment feature in September

#108

Post by vitorbaptistaa »

gruez wrote: post #64
ozgrakkurt wrote: post #59

Earlier quoted context omitted.

It is just better in my experience. You just scan a QR code and pay. Not much point of using a credit card unless you want to spend money that you don’t have. Or to think you are making “points” by spending more money

>It is just better in my experience. >You just scan a QR code and pay. Tap to pay (ie. NFC) with credit cards is as convenient and arguably more convenient than a QR code solution. At the very least you don't have to worry about aiming at the QR code and waiting for it to scan/focus, which is especially important if you're using it on transit systems.

Pix already has tap to pay [1]. However it's still a recent adition (a few months), so most card machines still don't support it (AFAIK).

Once this is widespread, then the only reasons to use credit will be cashback/points or paying in credit.

[1] https://www.gov.br/secom/pt-br/assuntos/noticias/2025/02/pix...

Re: Brazil central bank to launch Pix installment feature in September

#109

Post by vitorbaptistaa »

klysm wrote: post #95

Visa and MasterCard are shaking in their boots and will scratch and bite on their way down to kill anything like this in the US.

This has already started with Trump's tariffs: https://valorinternational.globo.com/foreign-affairs/news/20...

> While the system is not named directly, a document from the Office of the United States Trade Representative (USTR) says that “Brazil also appears to engage in a number of unfair practices with respect to electronic payment services, including but not limited to advantaging its government-developed electronic payment services.”

I'd be surprised if there aren't big tech/credit card companies lobbying behind this.

Re: Brazil central bank to launch Pix installment feature in September

#110

Post by pm215 »

ozgrakkurt wrote: post #59
jt2190 wrote: post #50

Earlier quoted context omitted.

> … CCs should be an exception, not the norm they are now, with a bunch of embedded costs we all pay for, one way or another. To spell it out, the merchant pays fees to the payment processor and carries risk (chargebacks, etc) and these costs are included (“embedded”) in the purchase price of whatever you’re buying. Moving to instant pay moves these risks to the purchaser, which is probably not ideal for the merchant…

It is just better in my experience. You just scan a QR code and pay. Not much point of using a credit card unless you want to spend money that you don’t have. Or to think you are making “points” by spending more money

At least in the UK, one advantage of the credit card is that it puts the transaction under the consumer credit act. That means that for purchases above 100 quid the credit card company is jointly on the hook with the supplier if, for example, the supplier fails to deliver the goods because they go bust, or if the goods are faulty, and you can get your money back from the credit card company if necessary. This doesn't apply for debit card purchases.
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