The commercial tension between Brazil and the United States has placed in the center of the debate a number of factors of the Brazilian economy that President Donald Trump “anti-American”.
These are some of the elements that led the UTR (United States Commercial Representative) to what they call “unfair practices” in Brazil.
In addition to these, the US authority assesses that “Brazil also seems to be involved in a series of unfair practices regarding electronic payment services, including, but not limited to, taking advantage of the government’s electronic payment services.” The reference is direct to the pix.
Throughout the meetings headed by the Vice President of the Republic and Minister of Development, Industry, Commerce and Services, Geraldo Alckmin (PSB), the Government.
After the meeting, however, big techs Like Apple, Meta, Google and Expedia and the Giant of Visa Cards, said Alckmin.
“Nothing prevents the form of payment, other companies also participate. They said they defend the so-called ‘pix to all’. What is important? Is that it has to be free,” said the vice president, emphasizing the importance of technology giants as investors in Brazil.
In an interview with CNNExecutives from other major technology brands also exalted PIX, especially for the organization and regulation of the public sector to ensure the efficiency of the tool.
“It is a disruptive technology that brought to the market and the end user a huge potential […]but with all the regulation necessary to put an innovation service like this in the market, “he said.
Amazon’s cloud technology arm and artificial intelligence was also in dialogue with the government in these times of commercial tension.
“Brazilians, Brazilian companies and the government of Brazil can count on Amazon Brasil regarding the support to continue having good relations throughout history with all governments,” said Morais.
Accessibility and example in the financial sector
The government’s proposal has always been: to maintain a practical and accessible tool. Nevertheless, after the beginning of this year, the executive published one.
“There are some items that are being discussed and some that we are trying to understand […]. The question of Pix: There is an annoyance for being an instrument of the Brazilian State, as if there was the presumption that the pix should be deprived, yielding profit to someone, “Haddad said in an exclusive interview with CNN at the end of July.
“The conversation bumps into a perception that the Pix competes, and it does not compete. He competes with the paper currency, because he is electronic. It is an office that we do not intend to give up. We want to protect the achievements of Brazilian workers, and we will continue to do so regardless of the measure that will be taken,” he said, emphasizing that.
The development of instant payment systems has been a growing phenomenon, especially in emerging countries. , like credit cards, or money transfer apps, such as Apple Pay, Google Pay or WhatsApp Pay.
These companies benefit from each transaction made between consumers and companies when intermediating operations. With the pix, the need for an intermediary falls apart.
“. […] The Central Bank has managed to establish something that is a phenomenon and success today seen in the world, because it has given accessibility and the flow capacity of capital among all levels of society in a much more agile way, “he said to CNN .
“The system [financeiro] Brazilian today is seen, not only in Latin America, but worldwide, as one of the most developed, “he said.
In an interview with Capital InsightsAndré Daré, president of the Infrastructure Company for Digital Transactions and Nuclea Data Intelligence, argued that.
Sector staff assesses that “Brazil is experiencing a silent revolution in banking technology and the world begins to perceive,” as fintech Nava to CNN.
It is worth noting that.
“We have cutting -edge technology, a digitally engaged population and an innovative regulatory environment. With certain investments in international branding, technological diplomacy and scalable business models, the country can export not only solutions, but also leadership in inclusion and digital transformation,” Pondera Emanuela Ramos, Chief of Growth Office at Nava.
BC in defense of Pix
In an event on Wednesday (6), Gabriel Galipolo, president of BC, sought.
The monetary authority emphasized that the instant payment tool contributed to expand the population’s access to the country’s bank infrastructure and questioned the thesis that the PIX would have caused prejudice to banks.
“Prepaid debit cards and, in particular, credit, have a higher growth rate than before the advent of Pix. Which eliminates any idea of rivalry or that one would be cannibalizing the other from some logic that can try to be presented,” said the BC president.
“Unfortunately, we are at a time when things are often complex to understand and they are captured by some kind of debate where versions can often be more interesting than facts,” he concluded.
With information from Cleber Rodrigues, Fernando Nakagawa and Taísa Medeiros, from CNN
