Pix

“Once you have sane system like pix or upi, there is far less need for chargebacks and frauds.”

“I could imagine that Pix is still better for merchants if that is the final fee.”

“much better, less parasitic systems are possible, look at brazil and PIX.”

“modern, open, cost-free systems from other countries—like Brazil's PIX, maintained by the Central Bank of Brazil”

“It is an objective success, having avoided US financial service firms from skimming hundreds of basis points”

“It can still potentially suffer from service quality degradation and lack of transparency”

“Government shouldn’t have a direct lever to instantly cut off your payments or control your spending.”

“one of the very few examples of countries successfully replacing PayPal with a publicly owned service”

“One of the best part that makes Pix an incredible experience, It's that the app almost doesn't matter.”

“replacing them with central bank instant payment systems run at cost”

“The evidence is clear you don't need to skim 3% off of an economy to provide instant payment capabilities.”

“Its just better - its one of those "you gotta use it to understand" things.”

“The most important down side is that you can't reclaim your funds if you've been the victim of fraud.”

“PIX is also better because it gives control back to the central bank”

“when the bank comes to act, they have 96 hours to handle the case, the accounts are already empty”

“it is still a duct tape over the real problem: rampant crime and fraud in Brazil”

“the concerted efforts by the central banks in India and Brazil to actually work with the private sector”

“you are monitored by a foreign and openly hostile government through its privately owned collaborators”

“Pix is state-run and probably operates at a loss, with merchant fees as low as 0.2~0.3%”

“The implementation was excellent, but there is no technical moat in the "state-owned" part of the solution”

“This would crowd out competition, but then gives full monopoly of payments to the local government.”

“free for personal use, really fast (frequently instantaneous, has a 10 second limit)”

“a modern, cheap, state-of-the-art payments system that is better than what private businesses like MasterCard and Visa are willing to offer”

“PIX has sovereign, private infrastructure on brazillian soil managed by Banco Central.”

“it's far better to use Pix in this case, you are supporting a national company”

“Brazil has no such strong provisions for protecting unauthorized transfers out of your account”

“the data & metadata obtained from the system could be passed to law enforcement for prosecution”

“Pix is ok - but it’s clunky to use and has a single point of failure.”

“Pix is a revolutionary system, but it is also a deeply centralized system, at the hands of the brazilian government no less.”

“The entire problem solved by Pix is an artificially created obstacle put in place so banks can charge for something they do for free.”

“being able to send money to your email/phone number makes a difference for some real time use cases”

“Pix solved a bunch of problems and made all of the above quicker and easier”

“built instant bank to bank transfer setups you can use at the grocery store”

“As of today, only the API is open. The core system code remains unpublished”

“Sometimes you get via web, but needs their app's 2FA to log in.”

“you take the risk in case of fraud, unlike with creditcards”

“Brazil introduced Pix in 2019, it's now the most used payment method for all transactions nationwide”

“Pix from brazil were implemented at a global scale, they are so good.”

“Free to individuals, very low merchant fee, and instant settlement.”

“A single centralized system? Controlled by the Brazilian Central Bank? That is effective not optional?”