Instant Payment Systems
They were the brains behind the operations for creating PIX.
Who are Banco Central do Brazil?
Brazil is one of 5 countries part of this intergovernmental organization.
What is BRICS?
It holds the world record for the largest carnival, it has also hosted a summer olympics.
What is Rio de Janeiro?
This was the year PIX systems rolled out, similarly it was around the same time Tiger King released.
What is 2020?
These transaction payment methods are hurting Brazilians with limited providers and high fees.
What are Wire Transfers?
He is widely considered one of the G.O.A.T.'s of soccer, helping Brazil win three world cups in 1958, 1962, and 1970.
Who is Pelé?
They are some of the largest North American competitors to PIX.
Who are Interac E-Transfer, PayPal, or Venmo?
It was the leading method (47%) of conducting payments prior to PIX, also widely used at gentleman's clubs.
What is Cash?
It is a stew loaded with black beans and a variety of meats from smoked pork loin to chorizo sausage, commonly known as the national dish of Brazil
What is Feijoada?
It was the main reason PIX was developed in the first place.
What is to kick-start a wave a pro-consumer Fintech advancements in Brazil?
It aims to provide sustainable financial services to the unbanked and underbanked populations.
What is Financial Inclusion?
Brazil boarders 10 countries in South America, but only one of them lists Dutch as their official language.
What is Suriname?