This is Brazil by the Numbers, a weekly digest of the most interesting figures tucked inside the latest news about Brazil. A selection of numbers that help explain what is going on in Brazil. This week: PIX, the Central Bank’s new payment system, tourism companies disappearing, high death rates in Peru, Brazil hits 5 million cases, and indigenous candidates in Brazil’s North.
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PIX, an instant payment platform created by the Brazilian Central Bank, officially opened registrations at the beginning of the week. Until Friday, the number of ‘keys’ issued to Brazilians reached roughly 24 million. The new payment system, which will allow for instant cash transfers, begins its operation on November 16. Besides allowing near-instant transfers and payments outside of commercial working hours, the system is free to use in sending and receiving money. PIX users will only have to provide their unique key — usually their individual tax ID — in order to receive payments, seen as a revolutionary measure within Brazil’s financial system.
Nearly 50,000 companies in Brazil’s tourism industry — accounting for 17 percent of the sector’s employers — went out of business between March and August 2020. The data...
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…
“This is f***ing corruption, it has to change,” protested an irate John Textor, owner of…
Eduardo Leite, governor of the southern Brazilian state of Rio Grande do Sul, on Wednesday…
Moody’s is the latest rating agency to improve its assessment of Brazil, bumping up the…
Other finalists include the Harvard Business Review, Fortune, Condé Nast, and the NFL
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