Brazil's Pix processes 6-7 billion transactions per month.
Venmo, CashApp, and Zelle combined don't come close.
India's UPI took six years and eight months to reach 8 billion monthly transactions.
Brazil got there in five.
170 million Brazilians use Pix.
That's 93% of the adult population.
Merchant fees average 0.33% (cards charge 2-5%).
Transactions settle in seconds.
On December 20, 2024, the system processed 252.1 million transactions in a single day.
That one day exceeds the entire monthly volume of most European instant payment systems.
Then they built Open Finance on top of it. 60+ million active data-sharing consents.
Four times the API volume of the UK's Open Banking.
Nubank (built entirely on this public infrastructure) now serves 110 million customers, posted $895 million in quarterly profit, and carries an $85 billion valuation.
The most valuable financial institution in Latin America was founded 13 years ago by three people with no bank.
The Fed launched FedNow three years after Pix. Adoption remains minimal.
The US has no Open Finance mandate.
No active CBDC pilot.
Brazil is two full technology cycles ahead of the United States in public financial infrastructure.
The next time someone tells you Brazil is a "risky emerging market," ask them if they know what Pix is.
Read more here:
https://t.co/R8eWsrQi7i
Lula da Silva portrays a US military operation against narcoterrorists as if it were a foreign invasion of Brazilian territory.
It is astonishing to see such an effort to shield criminals, drug traffickers and terrorists, who murder, rape, and kidnap hardworking Brazilians!
Today’s American History Lesson: Puerto Rico has been part of the U.S. since 1898, and Puerto Ricans have been U.S. citizens since 1917 🇵🇷 🇺🇸
We’ve cheered many non-Americans at the #SuperBowl. Bad Bunny isn’t one of them.
🏈 🎤
Yo, BAD BUNNY just unleashed the GREATEST halftime show EVER at Super Bowl LX! 🔥🇵🇷
Puerto Rican fire lit up Levi’s Stadium: cultural nods with sugar cane, dominoes, blackouts honoring PR, non-stop bangers like “Tití Me Preguntó,” “Yo Perreo Sola,” “Nuevayol,” “Baile Inolvidable,” and that epic “El Apagón.” Then SURPRISES—Lady Gaga dropping a salsa remix of “Die With a Smile,” Ricky Martin bringing the heat, plus cameos that turned it into a massive Latino fiesta! First mostly-Spanish halftime in history, and it was PURE ELECTRIC ENERGY, joy, and revolution.
The world hasn’t stopped dancing. Greatest. Halftime. Show. Period. 🐰💥 Who’s still hyped?!
Hoy se cumplen 65 años del estreno de esta maravilla, de una obra única, a la que es imposible no alabar.
Hoy son 65 años de una obra que NO debería de olvidarse nunca: “101 Dálmatas (1961)”❤️