April 2 (UPI) -- Brazilian President Luiz Inácio Lula da Silva said his government will not modify instant payment system Pix after new criticism from the United States that questioned its impact on private financial companies.
"No one will force us to change Pix," Lula said Thursday during a visit to infrastructure works in Salvador, in the state of Bahia, referring to recent concerns raised in Washington.
The president said the United States "published a report this week on Pix" arguing that the system "distorts international trade" and creates problems for companies linked to the payments sector.
'Ninguém vai fazer a gente mudar o PIX', diz Lula ao comentar relatório dos EUA com críticas à ferramenta https://t.co/CBMDZNRmgD #g1 pic.twitter.com/gtI50bokBo— g1 (@g1) April 2, 2026
Pix, developed by the Central Bank of Brazil and launched in November 2020 during the presidency of Jair Bolsonaro, allows instant bank transfers without intermediaries and generally at no cost to users.
