Brazil’s Lula rejects US criticism of Pix payment system: Video
Luiz Inácio Lula da Silva rejected criticism from the United States over Brazil’s instant payment system Pix, defending it as a key tool for the country’s financial system, in remarks published by Canal Gov.
Speaking in Salvador, Lula said the platform would not be changed, highlighting its benefits for millions of Brazilians. The response comes after US trade officials raised concerns that Pix gives preferential treatment within Brazil’s market, potentially disadvantaging foreign payment companies. Brazilian authorities have defended the system, saying it improves efficiency and security, as tensions over trade practices continue between the two countries.
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