Brazil central bank to launch Pix installment feature in September • Hacker News Board

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

#131

Post by voxleone » Fri, Jul 25, 2025, 5:07 PM UTC

marcosdumay wrote: post #101

voxleone wrote: post #29

Earlier quoted context omitted.

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?

I'm not complaining. Just pointing a legal requirement.

Edited

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

#132

Post by usrnm » Fri, Jul 25, 2025, 5:08 PM UTC

em500 wrote: post #47

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.

The problem is that most European schemes are country specific. As soon as you cross the border even to another European country, your options are pretty much cash or Visa/MasterCard.

Same as pix then?

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

#133

Post by owebmaster » Fri, Jul 25, 2025, 5:09 PM UTC

cynicalpeace wrote: post #112

When I first moved to LatAm, the cashiers always asked how many "cuotas" I wanted to pay. I was initially confused and realized it meant I could take a (interest free?) loan to pay for my purchases in installments. I never understood how this was common in high interest countries in LatAm, but unheard of in the USA. Does anyone know? Like actually know, not speculating.

People can't save so they need to pay with credit to buy things they want, even it that means paying 2x the original price.

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

#134

Post by guhcampos » Fri, Jul 25, 2025, 5:11 PM UTC

em500 wrote: post #47

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.

The problem is that most European schemes are country specific. As soon as you cross the border even to another European country, your options are pretty much cash or Visa/MasterCard.

We also have the same problem: technically, PIX is only inside our borders. The thing is our borders are huge!

In practice, people have started to accept it in Portugal, Argentina, Uruguai and some other places where people tend to have accounts both in their countries of residence and Brazil.

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

#135

Post by ek750 » Fri, Jul 25, 2025, 5:12 PM UTC

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…

agreed. Additionally it may reduce the power of fringe groups from pressuring private companies who are doing legal business. The recent Steam and itch.io takedowns due to collective shout come to mind.

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

#136

Post by guhcampos » Fri, Jul 25, 2025, 5:15 PM UTC

dudus wrote: post #128

kwanbix wrote: post #88

Earlier quoted context omitted.

While it is a private service by a company called Mercado Libre (which means Free Market), in Argentina we have Mercado Pago (which means Market Pay), has instant payments and it is free for 99% of the people that do P2P transactions. It is free for anyone, meaning, you don't pay to use it. You only need your national document. Of course, after seeing the success, the banks tried to implement MODO, but it was already…

Mercado Pago is closer to PayPal than PIX. I'd say it's a generation behind Google Pay/Apple Pay.

This. Mercado Pago is also available in Brazil, and it requires you deposit funds in their own account to use.

The thing about PIX most people don't get, including Europeans in this thread, is it integrates into whatever is your bank, so you can use your bank's cashing account to pay, no external app or account necessary.

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

#137

Post by guhcampos » Fri, Jul 25, 2025, 5:22 PM UTC

jowea wrote: post #89

atbpaca wrote: post #10

In a sense, Trump's rant against Pix is promoting it to the world. Moreover, some stores in Portugal and more recently France are accepting Pix as form of payment.

Those are for the benefit of Brazilian tourists I guess?

Generally, yes. You need an account in some Brazilian bank to use PIX, so these are likely Brazilian nationals living abroad and accepting payments directly to their Brazilian accounts.

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

#138

Post by marcosdumay » Fri, Jul 25, 2025, 5:39 PM UTC

voxleone wrote: post #131

marcosdumay wrote: post #101

Earlier quoted context omitted.

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?

I'm not complaining. Just pointing a legal requirement. Edited

Oh, you are complaining that it's not currently open source.

Yeah, the government has a lot of software it still has to publish.

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

#139

Post by miohtama » Fri, Jul 25, 2025, 6:01 PM UTC

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…

Similar things happen in the EU.

The EU Digital Wallet is open source. But this is not actually a wallet, but just an identity application. Then there are is Digital Euro and its wallets for which European Central Bank is willing to dump few billions of euros on closed source consultancyware.

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

#140

Post by ivan_gammel » Fri, Jul 25, 2025, 6:15 PM UTC

guhcampos wrote: post #134

em500 wrote: post #47

Earlier quoted context omitted.

The problem is that most European schemes are country specific. As soon as you cross the border even to another European country, your options are pretty much cash or Visa/MasterCard.

We also have the same problem: technically, PIX is only inside our borders. The thing is our borders are huge! In practice, people have started to accept it in Portugal, Argentina, Uruguai and some other places where people tend to have accounts both in their countries of residence and Brazil.

Russia is bigger and has its own system of instant payments SBP, which has now completely substituted Visa, Mastercard etc and has some presence in 8-9 other countries (depending on whether you count Abkhazia as a country or not) with 50 foreign banks supporting it.