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In Brazil, the free and instant mobile payment system Pix challenges US dominance (www.lemonde.fr)

submitted 3 weeks ago by [email protected] to c/[email protected]

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[-] [email protected] 13 points 2 weeks ago

Pix is great. It makes things so much easier. Everyone uses it from the guy selling drinks on the beach to airlines. Previously you had to have a card machine.

The closest we have in the EU would be like Revolut.

[-] [email protected] 7 points 2 weeks ago

The closest we have in the EU would be like Revolut.

No, revolut is still just a private bank. The closest is Polish Blik or Spanish Bizum. Those are run by central bank and you identify with your phone number. I never used Blik but in Spain all banking app support Bizum payments. It's also widely used. Most small business accept Bizum. Some online stores also accept it.

[-] [email protected] 2 points 2 weeks ago

Swish in Sweden is exactly like this too - instant payments linked to your phone number, run by the central bank, and literally everyone uses it from street vendors to major retailers (I cant even remember the last time I used cash).

[-] [email protected] 4 points 2 weeks ago

Wero?

[-] [email protected] 2 points 2 weeks ago

The closest would be PayByBank, which basically just uses the bank's own instant payment systems. Or stuff like Tikkie would also be similar.

[-] [email protected] 1 points 2 weeks ago

Payconiq?

this post was submitted on 30 Jul 2025

129 points (98.5% liked)

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