[eliseumds]

You're correct about Pix, it averages at 0.22% [1]. It's free for personal transactions and some card/POS machines have zeroed the fees when you scan a Pix QR code to pay at small shops. It's currently the most popular payment method in Brazil (credit card is second) [2]. It's slower than just tapping my Apple Watch to pay, but tap-to-pay with Pix is in development and I can't wait for it. Installments are also coming. Our Banco Central is really pushing it and the big banks are not liking it, at all. Good.

A nice side-effect of it all is that many credit cards are offering great rewards without any annual fee. I get year-round access to VIP lounges at any airport here, car/travel insurance AND cashback/miles for $0, it's a very different scenario from say 5 years ago.

[1] https://www.infomoney.com.br/minhas-financas/pix-e-mais-bara...

[2] https://febrabantech.febraban.org.br/temas/meios-de-pagament...