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✊ Rally around the Pix
The US touches a nerve by targeting Pix. Brazil is looking to boost its transport of goods via cabotage with a new decree. The Lula government is enjoying a positive spell, amid threats from Trump.
Gustavo Ribeiro
July 17, 2025
PAYMENTS
Brazil closes ranks after US slams Pix instant payments system
Pix has become a source of national pride — even more than football, for which Brazilians are known worldwide. Photo: Nattakorn Maneerat/Shutterstock
Brazil’s wildly popular instant payment system Pix has become the unlikely star of a trade dispute with Washington. In a Section 301 investigation launched on Tuesday, the Office of the United States Trade Representative (USTR) accused Brazil of engaging in unfair digital trade and electronic payment practices. While the notice doesn’t explicitly name Pix, the text points to “government-developed electronic payment services” being unfairly advantaged…
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