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by hocuspocus 41 days ago
This is a false dichotomy. You can have very cheap transaction fees, Pix is state-run and probably operates at a loss, with merchant fees as low as 0.2~0.3%. In comparison the cheapest card payment under the EEA interchange cap is probably slightly above 0.5% when you add scheme fees and PSP costs.

However businesses do require payment systems and not just barebones bank transfers. Except for high trust, low volume transactions such as buying a car, paying your rent...