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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

#61

Post by tonfa »

toomuchtodo wrote: post #5
Argonaut998 wrote: post #4

Last week Trump targeted Pix and Brazil for discriminating against Mastercard and Visa[0]. Also last week there was the Steam debacle involving the same two companies which brought attention to the power that this duopoly holds all across the world. In Brazil many people, if not the majority use interest free instalments to pay for anything above groceries - “parcelas”, all of which, until now, were done through Mast…

Europe and the UK have instant SEPA credits and debits, no? That's 41 countries within the single instant payment system. https://www.ecb.europa.eu/paym/integration/retail/instant_pa... https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://www.pymnts.com/wp-content/uploads/2025/05/PYMNTS-Rea...

Also digital euro is targeting payment systems (https://www.ecb.europa.eu/euro/digital_euro/html/index.en.ht...)

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

#62

Post by jabjq »

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…

The best instant payment system is cash. It allows the merchant to skip the taxes too. Unbeatable.

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

#63

Post by disgruntledphd2 »

brainwad wrote: post #51
miltava wrote: post #46

Earlier quoted context omitted.

It could give cashback if it cost 3% of the transaction. But it’s it’s actually much cheaper. For credit cards you have to pay for the brand, the issuer and the acquirer. And each gets a nice cut.

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.

I mean, the cashback is paid for out of the fees you pay for the service. In a world with low capped charges (EU etc) then you'll just pay less, which is equivalent to cashback and much fairer.

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

#64

Post by gruez »

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

>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.

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

#65

Post by dv_dt »

brainwad wrote: post #41
henry700 wrote: post #28

Earlier quoted context omitted.

The cashback you are given back is taken from a fraction of the fee levied on merchants by the Payment Processing company they use. The only thing holding this system together is the lobby (also funded by a part of the aforementioned fee on merchants) by the Payment Processing industry to uphold laws that prohibit more expensive payments for more expensive payment methods, and also the extensive marketing (funded by…

Credit card isn't more expensive than its main competitor, cash, though. It's just the costs of credit card acceptance are transparently added to each transaction, while the costs of cash are distributed over the whole day's cash transactions and so more opaque. Merchants have a psychological (and in some countries, legal) barrier to charging more for cash than other payment methods, even though it's the least effici…

I don't think you mean transparently - credit card costs are invisibly added..

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

#66

Post by mvieira38 »

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…

Wasn't BCB breached for a couple hundred million reais this month, as well? Maybe they are trying to keep the code closed because they know it's insecure

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

#67

Post by gruez »

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.

>The West likes to paint the government success in India around religious terms

Examples? The only discussion of "religious terms" around Indian coverage by western media is about how the ruling party BJP panders to "Hindu nationalism", which can be simultaneously true alongside competent leadership.

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

#68

Post by victorbjorklund »

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…

In sweden we got Swish which is instant payments. But costs money when business use it (but cheaper than credit cards i think)

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

#69

Post by victorbjorklund »

jabjq wrote: post #62
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…

The best instant payment system is cash. It allows the merchant to skip the taxes too. Unbeatable.

Also allows the employees to skip paying the business too.

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

#70

Post by [deleted] »

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.

[deleted]
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