Brazil's Pix Payment System Faces Pressure from Visa and Mastercard
32 points by wslh 2 hours ago | 15 comments

dbolgheroni 60 seconds ago
People underestimate how difficult it was to transfer money before Pix, even between local banks. The process was hard to use, it could take days and the fees were huge, depending on your bank. Pix solved all these problems.

What happens also is that many sellers provide discounts when using Pix, because you dodge the expensive fees charged not only by Visa and MasterCard, but the fees operators charge to provide the infrastructure (PoS machines, financing for installments, etc, the last one being quite common in the country) to use these networks.

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marcosdumay 24 minutes ago
Heh, Lula has a just slight lead on the elections this year.

If he cedes to the pressure, odds are he will so completely destroy his popularity that he won't even be able to be a candidate. He almost certainly knows that.

The pressure is irrelevant. Pix is not going away.

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madhacker 3 minutes ago
Hey Visa/Mastercard — try that move in China and see how well it turns out.
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g8oz 2 minutes ago
Despite what the White House thinks American companies are not owed a business model.
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mrkramer 22 minutes ago
Pix is for domestic use right? So tourists who come to Brazil still use Visa and Mastercard as well as Brazilian tourists who travel abroad. Visa and Mastercard are companies of the past, crypto and stablecoins will destroy them sooner or later.
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SirFatty 15 minutes ago
"crypto and stablecoins will destroy them sooner or later."

LOL!

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mrkramer 12 minutes ago
I meant digital dollar and digital euro, you won't need Visa and Mastercard anymore.
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bell-cot 52 minutes ago
It would be Un-American to overlook any chance to forcibly intervene in a Latin America country for the financial benefit of a large American company...wouldn't it?
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jacknews 28 minutes ago
Every country should have this.

Why would you let America take 2-3% of your transaction volumes?

It perhaps made sense when the technology was difficult, and America was trusted, but ...

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ExpertAdvisor01 15 minutes ago
It's interesting that we live in 2026 and people still don't understand the fees of credit card processing.

Visa charges only a Assessment fee the majority goes to Issuer Bank +PSP.

E.g: Interchange fee (0.8-1.8%): Paid by acquirer to issuer (card-holding bank)

Assessment fee (0.1-0.3%): Paid to card network (Visa, Mastercard)

Acquirer margin (0.3-0.8%): Retained by merchant’s payment processor

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guntars 27 seconds ago
The banks and the payment processors are the real customers of the payment networks and they all do better when they can squeeze more money from the end users - the cardholders and the businesses. Pix cuts out these middlemen and that’s an existential threat to their business model.
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KK7NIL 22 minutes ago
> Why would you let America take 2-3% of your transaction volumes?

I don't think VISA/Mastercard takes such a fee? (They'd be some of the biggest companies in the world if they did.)

The fees they charge are actually fractions of a percent, the rest are charged by the card issuer, which is usually your bank.

You could, in theory, use the VISA network and not pay those fees to a card issuer.

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hvb2 26 minutes ago
I misunderstood, psd2 is Europe's equivalent.

And yes, every country should have this. Even America

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Daedren 5 minutes ago
PSD2 is merely a framework for an uniform access to banking, same APIs everywhere. While you can send money through it, it's still through the same means as normal.

Many of the european countries have their own "Pix", but there's no European-wide alternative. The ECB wants to make one (tentatively titled "digital euro"), but it's going to take a long time to come out.

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gib444 7 minutes ago
> Why would you let America take 2-3% of your transaction volumes?

And spy on every single transaction

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