Pourquoi Trump s'attaque à Pix, une application brésilienne ?

I just discovered that in Brazil, a payment application is used by more than 170 million people and especially that it annoys Trump a lot. My name is Clarice, I am a video journalist at ECO and I'll explain why. Let's talk about Pix. It is the most used instant payment system in Brazil. It is used by 80% of the country, or more than 170 million people. Pix was launched by the Central Bank of Brazil in

and it completely changed the daily life of Brazilians. Because according to the International Monetary Fund, this free application allowed more than 50 million people to make their first transfer. And that was only during the first year of the launch. By the way, if you wonder what the difference is between Wero and Pix, Pix is a public system managed by the Central Bank of Brazil and Wero is a private system developed by several European banks.

Anyway, let's talk about Trump and especially the international payment networks. Because the problem is that each payment made by PIX is a payment that bypasses the network of bank cards. And that, it reduces the commissions perceived by the American card networks like Visa or Mastercard. Besides, at L2, these companies represent about two thirds of the global transactions made by PIX.

And so, the Trump administration has just closed a commercial investigation that puts in question several practices of Brazil, including PICS. In fact, according to Washington, there would be a conflict of interest that would disfavor American companies, especially because the central bank of Brazil is the owner and regulator of PICS. The investigation of the United States is over and the administration has just announced that from July 22, 25% of customs rights would be imposed on a certain number of properties.

Brazil rejects these accusations and says that Pix has strengthened competition and has expanded access to digital payments.