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Re:Brazil's government-run payments system has become dominant by pearlsontheroad on Tuesday April 08, 2025 @08:07AM (#43620740)
Brazil has an insane level of financial fraud and tax evasion. Pix mitigates some of that, but at the cost of privacy - something that Brazilians do not care too much about.
Re:Brazil's government-run payments system has become dominant by ryandrake on Tuesday April 08, 2025 @08:12AM (#43620785)
That’s a pretty sweeping generalization about 200M+ people!
Re:Brazil's government-run payments system has become dominant by rafaquintanilha on Tuesday April 08, 2025 @08:16AM (#43620812)
But it's correct though
Re:Brazil's government-run payments system has become dominant by skrebbel on Tuesday April 08, 2025 @08:27AM (#43620918)
A statistic isn't a generalization.
Re:Brazil's government-run payments system has become dominant by matheusmoreira on Tuesday April 08, 2025 @02:07PM (#43624739)
He's not wrong though. "If you have nothing to hide, you have nothing to fear" is a popular saying here. People who lived under a military dictatorship not even half a century ago will actually utter those words.
Re:Brazil's government-run payments system has become dominant by lbschenkel on Wednesday April 09, 2025 @12:15PM (#43633768)
[delayed]
Re:Brazil's government-run payments system has become dominant by guax on Tuesday April 08, 2025 @08:22AM (#43620861)
Pix does not substantially changes the tax evasion problem as that is mostly a problem with higher earners and small/medium business who evade tax using cash payment, convoluted setups of companies and "laranjas" (our slang for someone borrowing the name to do something for someone else, the scapegoat) as well as "non cash" transactions.

Pix mostly replaces and eats on credit card transactions that were done for the convenience aspect and no the credit aspect. As well as allow a whole new part of the country to accept electronic payments, and although that would increase tax revenue from business it also substantially increase their revenue since there is no x% from card processors and don't require special rented/bought equipment.