Brazilian President Luiz Inacio Lula da Silva says he will defend Brazil’s Pix payment system in talks with US President Donald Trump, as Washington has cited the platform in its tariff dispute with Brazil.
Speaking at a political event in Sao Jose do Rio Preto on Saturday, in the south-eastern state of Sao Paulo, Lula said he would raise the issue during a possible meeting with Trump in September on the sidelines of the UN General Assembly in New York.
“I will meet Trump at the UN and tell him to use Pix and see how good it is,” Lula said.
Pix was launched by Brazil’s central bank in November 2020 and allows instant payments and transfers 24 hours a day, seven days a week. It has become one of Brazil’s main payment methods.
Lula’s remarks came amid a trade dispute between Brazil and the United States, including additional tariffs of up to 25% on certain Brazilian products and US criticism of Brazil’s digital payment system.
- Brazilian President Luiz Inacio Lula da Silva plans to defend Brazil's Pix payment system in talks with US President Donald Trump.
- Lula intends to raise the Pix issue during a possible meeting with Trump at the UN General Assembly in New York in September.
- Pix was launched by Brazil's central bank in November 2020 and enables instant payments and transfers 24/7.
- Pix has become one of Brazil's main payment methods since its launch.
- The context of Lula's remarks is a trade dispute between Brazil and the US, including tariffs of up to 25% on certain Brazilian products and US criticism of Brazil's digital payment system.
Brazilian President Luiz Inacio Lula da Silva says he will defend Brazil's Pix payment system in talks with US President Donald Trump, as
"I will meet Trump at the UN and tell him to use Pix and see how good it is," Lula said.
Pix was launched by Brazil's central bank in
Lula's remarks came amid a trade dispute between Brazil and the United States, including additional tariffs of up to 25% on certain Brazilian products and US criticism of Brazil's digital payment system.
