Pix is an instant payment system developed and managed by the Central Bank of Brazil (Banco Central do Brasil). Announced in 2019, it became fully operational on November 16, 2020.
Central Bank of Brazil

Key Features of Pix:

• Instant Transfers: Transactions via Pix are processed in real-time, typically taking less than 10 seconds, and are available 24/7.
• Wise
• Accessibility: Designed to reduce reliance on cash, Pix offers an alternative to traditional payment instruments like bank transfers and payment orders.
• Central Bank of Brazil
• User Convenience: Users can link unique identifiers, known as "Pix keys" (such as CPF/CNPJ numbers, email addresses, phone numbers, or randomly generated codes), to their accounts, simplifying the process of sending and receiving funds.
• Wise
• Security: Pix is built with high-security standards, including data encryption and strict authentication protocols, ensuring user protection against fraudulent activities.
• Wise

Impact on Brazil's Financial Market:
Since its launch, Pix has rapidly gained popularity among Brazilians. By November 2021, the system had processed over 6 billion transactions, totaling approximately R$3.75 trillion (about US$682 billion).
Wikipedia
In 2023, Pix became the primary payment method in Brazil, with total transactions reaching 42 billion.
Wikipedia

Due to its efficiency, accessibility, and security, Pix has significantly transformed Brazil's payment landscape, promoting financial inclusion and fostering competition within the banking sector.

TED (Technology, Entertainment, Design) is a non-profit organization renowned for its conferences and online talks aimed at disseminating "ideas worth spreading." Founded in 1984 by Richard Saul Wurman and Harry Marks, TED initially focused on technology, entertainment, and design but has since expanded to encompass science, business, global issues, and the arts.
Wikipedia

Key Initiatives of TED:

• TED Talks: Short presentations by experts across various fields, available for free on the official website and TED's YouTube channel.
• YouTube
• TEDx: Independently organized local events held worldwide under the TED license, aiming to share ideas within communities.
• TED
• TED-Ed: An educational initiative offering animated lessons and resources for educators and students.
• TED-Ed

Since launching its online platform in 2006, TED Talks have garnered billions of views, becoming a popular source of inspiration and knowledge globally.
Wikipedia

Boleto Bancário, commonly known as Boleto, is a widely used payment method in Brazil. It involves a payment slip that allows customers to pay for goods and services through various channels, including banks, internet banking, ATMs, lottery agencies, and authorized retailers.
Wikipedia

Key Features of Boleto:

• Versatility: Boleto can be used for a wide range of payments, such as utility bills, online shopping, and other transactions.
• Accessibility: It caters to both banked and unbanked individuals, promoting financial inclusion by enabling payments without the need for a bank account or credit card.
• Expiration Date: Each boleto has a due date by which it must be paid. After this date, penalties may apply, or the payment may be declined.
• Security: Boletos are generated with unique barcodes and payment details, minimizing the risk of fraud.

Advantages of Using Boleto:

• Wide Acceptance: Boletos are accepted at numerous locations, including banks, lottery agencies, supermarkets, and post offices.
• No Need for Credit Cards: Users can make purchases without relying on credit or debit cards.
• Reduced Chargeback Risk for Merchants: Once a boleto is paid, the transaction is confirmed, reducing the risk of chargebacks.

Disadvantages:

• Processing Time: Payments via boleto can take up to three business days to be confirmed, which may delay the delivery of goods or services.
• Geographical Limitation: Boleto is specific to Brazil and is not commonly used in other countries.

Overall, boleto remains a significant component of Brazil's payment landscape, offering flexibility and accessibility to a broad spectrum of users.