Brazil Daily

Pandemic brought millions into Brazil’s banking system

Today, we talk about Brazil’s massive financial inclusion project. What the recent heatwave tells us about environmental changes. And what you should know in the 2020 election.

Covid-19 sped up massive financial inclusion project in Brazil

The Brazilian Central Bank has authorized Brazilians to sign up for PIX, an upcoming instant payment system set to be rolled out on November 16. Within two days, over 10.1 million individual “keys” (IDs on the system) were created.

Why it matters. PIX is part of the Central Bank’s efforts to digitize the Brazilian economy — a process that has been magnified by...

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