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PIX Surges in Brazil Amid U.S. Investigation

9/30/2025

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Summary

Story summary

PIX is used by over 80% of Brazil's population and hailed as the future of money.
The Trump administration is investigating PIX, alleging it undermines U.S. firms such as Visa and Apple.
PIX grew 52% from 2023 to 2024, outperforming credit and debit card transactions.
The system is faster and cheaper than traditional methods, expanding access for low-income Brazilians.

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Story summary

PIX is used by over 80% of Brazil's population and hailed as the future of money.
The Trump administration is investigating PIX, alleging it undermines U.S. firms such as Visa and Apple.
PIX grew 52% from 2023 to 2024, outperforming credit and debit card transactions.
The system is faster and cheaper than traditional methods, expanding access for low-income Brazilians.