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Also a Brazilian living in Canada. No, Pix is vastly superior to interac. The whole retail banking experience in Canada is very, very far behind what we have i
by lbrito 3y ago
Also a Brazilian living in Canada. No, Pix is vastly superior to interac.
The whole retail banking experience in Canada is very, very far behind what we have in Brazil. A few things that shocked me:
* How physical paper cheques are still being used and mailed
* Not all banks have scheduled transfers (useful for things like rent)
* Large transfers between accounts takes multiple days (wtf) as opposed to a couple of hours (TED)
* bizarre scams like "credit card insurance"
* not having debit and credit in the same physical card
* poor fintech/digital bank ecosystems, nothing close to Nubank
I could probably come up with more examples.