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Brazil's e-payment system is challenging financial power across the Americas

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Manage episode 509666293 series 3488247
Content provided by PRX. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PRX or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In less than five years, Pix — Brazil’s free, instant payment platform — has reshaped the country’s financial landscape. More than 150 million Brazilians now use it daily, from big-city retailers to street vendors and homeless people. Its explosive growth has sidelined credit cards and cash, making Brazil one of the world’s leaders in digital payments. But this homegrown fintech experiment is making waves far beyond Brazil: US officials and banking lobbyists see Pix as a potential threat to American-controlled payment systems like Visa and Mastercard. The World's Tibisay Zea brings us this report from Sao Paulo, Brazil.

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2709 episodes

Artwork
iconShare
 
Manage episode 509666293 series 3488247
Content provided by PRX. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PRX or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In less than five years, Pix — Brazil’s free, instant payment platform — has reshaped the country’s financial landscape. More than 150 million Brazilians now use it daily, from big-city retailers to street vendors and homeless people. Its explosive growth has sidelined credit cards and cash, making Brazil one of the world’s leaders in digital payments. But this homegrown fintech experiment is making waves far beyond Brazil: US officials and banking lobbyists see Pix as a potential threat to American-controlled payment systems like Visa and Mastercard. The World's Tibisay Zea brings us this report from Sao Paulo, Brazil.

  continue reading

2709 episodes

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