Comment Not just Brazil (Score 1) 1
I was watching a video about this recently, and it's not just Brazil. China has their own, of course, but also Europe is developing one, and so is the UK. Basically everyone wants to get away from Visa and Mastercard.
I think what really pissed off the US is that the Brazilian system only charges 0.33% per transaction, compared to 1-2% for Visa and Mastercard.