https://www.thebanker.com/Brazil-s-Pix-a-threat-to-credit-ca...
https://www.pymnts.com/news/cross-border-commerce/cross-bord...
https://www.reuters.com/business/finance/brazils-pix-payment...
> "I think credit cards will cease to exist at some point soon," central bank chief Roberto Campos said nearly two years ago, discussing the potential for open finance and the Pix platform. "This system eliminates the need to have a credit card."
> Market trends have since added weight to his forecast. Use of Pix surged 74% last year to nearly 42 billion payments across the Brazilian economy — surpassing credit and debit card charges combined by about 23%, according to central bank data and industry group Abecs.
> For buyers, the switch to Pix has been nearly seamless, as they simply scan a QR code with any banking app instead of reaching for their wallet. But for sellers, it has turned the tables on the traditionally lucrative card payments industry.