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by cloche 35 days ago
> Since 2022, Mastercard Brazil’s CEO, Marcelo Tangioni, has voiced his concerns: “Pix is great, beneficial for the industry. What’s not great is that it falls under the Central Bank. It can’t regulate and compete at the same time”.

Why not? This is such an American point of view that sounds similar to why the IRS doesn't offer easier tax filing options.
2 comments
surgical_fire 35 days ago
This is a free market. All he has to do is offer a better service than the public offering.

I always hear that the government is inefficient, should be easy no?

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fmobus 35 days ago
Whenever people start arguing about inefficient government they should be reminded that pix costs like 10M USD a year to run. An absolute bargain for what it delivers.
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DanielHB 34 days ago
It can't really, but public services don't necessarily need competition. In fact it can even make sense to run them at a loss.

And alternate payment methods are allowed, so if there was space for a private entity to offer a better/cheaper service they could. But it is hard to compete with a fully integrated (mostly) free service.

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