
"President Lula stated: 'What's important for us to say to anyone who wants to listen is: Pix belongs to Brazil, and nobody, nobody, is going to make us change Pix because of the service it's providing to Brazilian society.'"
"The USTR report indicates that industry representatives in the U.S. are concerned that the Central Bank favors Pix, which could disadvantage U.S. providers of electronic payment services."
"Bolsonaro swiftly denied claims that he sought to end the Pix system, asserting that it is a very important legacy created by President Jair Messias."
The Pix payment system, with over 175 million users, has become a focal point in Brazil's presidential elections. A USTR report raised concerns about Pix's impact on U.S. payment providers, suggesting that the Central Bank's support for Pix disadvantages American companies. President Lula has defended Pix, asserting its importance to Brazil and rejecting U.S. influence. Accusations against candidate Flavio Bolsonaro regarding Pix's future were denied, emphasizing its significance as a Brazilian asset established by former President Jair Messias.
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