BRASILIA (Reuters) -Brazil’s central bank is not competing with financial or payment institutions by operating and regulating the widely used instant payments system Pix, said the bank’s financial system organization director, Renato Gomes.
In remarks released by the bank on Wednesday, Gomes said the institution “plays the role of a neutral agent, providing a public digital infrastructure that allows the market to develop more efficiently, inclusively and competitively.”
Pix is among the Brazilian trade practices under formal investigation by U.S. President Donald Trump’s administration in a case opened by the Office of the U.S. Trade Representative (USTR), which views the system as potentially unfair.
(Reporting by Marcela Ayres; Editing by Gabriel Araujo and Leslie Adler)
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