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-0.000446306308133873 0.000253583129621553 -0.000395589682209608 -0.000294156430360964 0.00260683457250961 1.01433251848529E-05 0.00102447584367106 0.00102447584367106
Stock impact report

Brazil says it will not change Pix payment system after U.S. criticism [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Photo by Isaac Fontana/EPA April 2 (UPI) -- Brazilian President Luiz Inácio Lula da Silva said his government will not modify instant payment system Pix after new criticism from the United States that questioned its impact on private financial companies. "No one will force us to change Pix," Lula said Thursday during a visit to infrastructure works in Salvador, in the state of Bahia, referring to recent concerns raised in Washington. The president said the United States "published a report this week on Pix" arguing that the system "distorts international trade" and creates problems for companies linked to the payments sector. Pix, developed by the Central Bank of Brazil and launched in November 2020 during the presidency of Jair Bolsonaro, allows instant bank transfers without intermediaries and generally at no cost to users. The system is used by most of Brazil's population and has reduced the use of cash and cards. The criticism is part of a broader investigation launche Show less Read more
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