First time I heard of Konek, I have been using Interact for a while but did not know they had this service.
As far as I am aware, a bunch of countries created something similar to get rid of American payment systems, like UPI in India.
My favourite so far is the Brazilian Pix https://en.wikipedia.org/wiki/Pix_(payment_system), becoming the most used payment system in the country in the past few years. Not only because it is technically sound, but it also managed to get the Americans pissed. Credit card and tech lobbies pressuring the American government to do something about it. Meta tried to release a payment system in Brazil that failed miserable because of Pix.
First time I heard of Konek, I have been using Interact for a while but did not know they had this service.
As far as I am aware, a bunch of countries created something similar to get rid of American payment systems, like UPI in India.
My favourite so far is the Brazilian Pix https://en.wikipedia.org/wiki/Pix_(payment_system), becoming the most used payment system in the country in the past few years. Not only because it is technically sound, but it also managed to get the Americans pissed. Credit card and tech lobbies pressuring the American government to do something about it. Meta tried to release a payment system in Brazil that failed miserable because of Pix.
Inequality is decreasing and Brazil is becoming more democratic! Well done Lula!