Brazil’s central bank chief says banks do not lose money with Pix payment system By Reuters

© Reuters. FILE PHOTO: People walk in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado

BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Thursday that it is not true that banks lose money with the Pix instant payment system, launched by policymakers in late 2020.

Speaking at an event hosted by Brazil’s banking lobby group Febraban, he acknowledged that Pix affected revenues to some degree. On the other hand, new accounts were opened with the system, offering new services, increasing the volume of transactions, and reducing cash costs for banks, said Campos Neto.

by : Reuters

Source link

Capital Media

Read Previous

Methane emissions from U.S. shallow offshore platforms exceed those on land, study finds By Reuters

Read Next

MTN en passe de rejoindre Orange comme établissement de paiement agréé