How Brazil's Pix digital payment system, adopted by 80%+ of citizens, became a target of the Trump administration, which says it unfairly undercuts US companies

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How Brazil's Pix digital payment system, adopted by 80%+ of citizens, became a target of the Trump administration, which says it unfairly undercuts US companies

nytimes.com/2025/09/29/world/americas/brazil-digital-payments.html

“Cash or card?” For millions of Brazilians, the answer is neither.
Instead, the payment of choice in Latin America’s largest nation is often PIX, a fast and free digital system Brazilians use every day to shop, pay bills, settle bar tabs and buy snacks on the beach.
The payment method…

This story appeared on nytimes.com, 2025-09-29 00:00:00.