#406: Carlos Eduardo Brandt of the Central Bank of Brazil

Pix is probably the most successful fintech product in the history of the world. It is Brazil's instant payment system that launched in November 2020 and has taken the country by storm. More than 130 million Brazilians now use Pix and for around half of those people, it is the first digital payment tool they have ever used. If you are interested in fintech, you need to understand the Pix phenomenon.Our next guest on the Fintech One-on-One podcast is Carlos Brandt, the Head of the Management & Operations of Pix at the Central Bank of Brazil. I spoke with Carlos at Fintech Nexus LatAm held in Miami on December 13-14 and it was the highlight of the event for many of the attendees.In this podcast you will learn:The role Carlos played in the development of Pix.How his nine-year-old son helped in user experience and design.Why they rolled out Pix to both banks as well as non-banks on day one.Why they mandated all large financial institutions to join.The huge number of people who have done a digital transaction for the first time.What this means for Brazil's economy.How Pix has impacted the growth of e-commerce.How they are encouraging B2B payments.Why the Central Bank of Brazil is opening up Pix's protocols to other central banks.How Pix sits in relation to credit cards.If there is a place for crypto payments rails alongside Pix.How they are working to reduce fraud.What is on the roadmap for 2023 and the next five years.Connect with Carlos on LinkedInConnect with Fintech One-on-One:Tweet me @PeterRentonConnect with me on LinkedInFind previous Fintech One-on-One episodes