Pix is successful, Central Bank considers ending credit cards
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The credit card is one of the tools most used by Brazilians. However, it appears to be at risk of extinction in the country. It all started after the president of the Central Bank (BC), Roberto Campos Neto, spoke about the important financial changes that are coming.
The executive said that marketing innovations in the current financial scenario could put an end to credit cards at some point.
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“For example, today you buy with a credit card and then a family member goes there to buy 15 times. You get the bills '5/6' '4/8', for example, I don't know what happened. It brings everything together, including the fact that the system does not require a credit card. I think credit cards are going away soon,” she said.
The evolution of Pix and open finance
Another point raised by the executives involved open finance and Pix's resources. According to him, both will make people's daily lives increasingly easier, making financial transactions more accessible directly from their cell phones.
“If I have Open Finance and know everything you are going to pay and receive, I can design yours and it will produce a huge improvement in financial education, in terms of credit, because people will educate themselves”, declared Campos Neto. .
Another highlight is Pix, which is currently the most used payment method in the country, followed by credit and debit cards in second and third place, respectively.
To give you an idea, in the first quarter of 2022 alone, instant payment systems recorded 4,2 billion transactions. Compared to credit cards, there are 3,7 billion and debts 3,6 billion.
Real Digital
Another point under development is Real Digital, which is currently part of the central bank's innovation agenda. The goal is to launch a digital currency in 2024.
“I hope the digital currency will be in use in 2024. We have a small delay due to the strike, but I think we can move forward”, he highlighted.
The delay cited by Campos Neto involved a strike by BC employees, which even prevented the start of the second phase of appeals that Brazilians had forgotten at the bank. The new phase was originally scheduled to begin in May, but has not yet been announced.