The Director of Financial System Organization and Resolution at the Central Bank (BC), Renato Gomes, criticized on Thursday (24) the possibility of banning the use of Pix for the payment of sports betting and online games. In Washington, the executive stated that creating operational problems for prevention is counterproductive.
At an event held by HSBC in Washington, United States, Renato Gomes pointed out that the measure goes against the digital agenda that “is bringing to Brazilians a cheap and beneficial means of payment”.
“I think that harming this agenda and creating complicated operational problems to prevent the use of Pix for some expenses and not others is ultimately counterproductive”.
Previously, the Brazilian Association of Credit Card Companies and Services (Abecs) expressed concern about the increased use of credit lines as a means of payment in betting and pointed out a higher number of transactions through Pix.
Gomes stated that this issue is not within the regulatory perimeter of the BC and that the institution should not focus on gambling per se but on the consequences, such as the number of bettors and how payment methods can impact financial stability.
Furthermore, the director spoke about cross-border payments and mentioned discussions, especially with other Latin American countries, about a possible integration of fast payment systems.
“Some countries have projects for fast payments and are trying to create projects similar to Pix for integration at a later stage”, he added.
Source: CNN Brazil
