Pix

Brazil's rewritten capital rule requires small firms to hold minimum capital based on their business activities, not their classification. Offering Pix alone now adds an extra five million reais ($1 million) in required capital.

Brazil faces a 25% tariff proposed by Washington with a 15 July deadline, alongside a separate 12.5% levy on forced-labour import controls. Brazil offered to cut duties on 300 product lines if the tariff is dropped but will not compromise on its instant-payment system, Pix.

Brazil is launching a public system called 'duplicata escritural' that allows companies to borrow against unpaid invoices, similar to the Pix payment system. The central bank will activate it on June 30 in Brasilia.

Brazil's central bank has removed the R$500 limit on tap-to-pay Pix, enhancing its competition with contactless bank cards. The change positions Pix as a stronger rival in the payment systems market.

Brazil has granted its Pix payment system the highest tier of trademark protection, shielding the name across all business categories. Pix is the first brand tied to a public body in Brazil to receive this status.

Brazil's Pix payment system is facing pressure from Visa and Mastercard. The system has been gaining popularity, but the involvement of major credit card companies may impact its growth. Brazil's government has been supportive of the Pix system.