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.

By Eleanor Shaw

Published
Lula Rejects Privatization of PIX, Doubling Down on State Control of Brazil’s Digital Finance
Source: Ricardo Stuckert/Presidência da República / Wikimedia Commons (CC BY 3.0 br)

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.

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