PRO articlePolitics

Lula Rejects Privatization of PIX, Doubling Down on State Control of Brazil’s Digital Finance

President Lula used his address at the UN General Assembly to declare that Brazil will not privatize the PIX instant payment system, eliminating a major opportunity for private finance.

Published
Lula Rejects Privatization of PIX, Doubling Down on State Control of Brazil’s Digital Finance
Photo: Source: Ricardo StuckertCC BY 3.0 brPresidência da República / Wikimedia Commons

President Lula used his address at the UN General Assembly to declare that Brazil will not privatize the PIX instant payment system, eliminating a major opportunity for private finance.

Loading subscriber access…