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May 31, 2024

On the web

Pix Goes Global: Foreigners Can Now Pay Seamlessly in Brazil

Rio Times

"Pix has become a staple in Brazil’s financial landscape. With 163 million users and a 58% increase in transaction value in 2023, its popularity is undeniable. Now, the instant payment system created by the Central Bank is extending its reach to international tourists, making it easier for them to make payments in Brazil."

May 21, 2024

On the web

May 7, 2024

On the web

April 19, 2024

Top Post

Automatic Pix: New Product Set to Allow for Recurring Instant Payments in Brazil

Mattos Filho

"...The BCB has indicated that this new Pix product will facilitate the recurring billing of products and services that companies of various sizes and sectors offer. The new rules take effect on October 1, 2024, and market players will be required to make the new feature available by October 28. Participants who fail to comply will be subject to a daily fine (ranging from BRL 25,000 to BRL 50,000), capped at 60 days."

April 10, 2024

On the web

April 2, 2024

On the web

January 24, 2024

On the wires

January 4, 2024

On the web

January 3, 2024

On the web

December 11, 2023

On the web

December 7, 2023

On the wires

December 1, 2023

On the web

November 7, 2023

On the web

November 6, 2023

On the wires

November 2, 2023

On the wires

October 11, 2023

On the web

October 2, 2023

On the web

Pix Achieves 100% Acceptance in Large Online Stores [Brazil]

Valor Investe

"About to turn three years old, Pix has reached 100% acceptance in the largest online stores in the country. This is what the most recent edition of the Gmattos Payments Study shows, in advance of Valor . With this, the instant payment instrument ties with the credit card, until now the absolute leader in availability in e-commerce."

September 28, 2023

On the web

September 20, 2023

On the web

September 15, 2023

On the web

August 30, 2023

On the wires

Privacy, Market Maturity Hurdles Facing Brazil's CBDC [DREX] Rollout

Reuters

"Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil's central bank digital currency (CBDC) is ready for widespread use, the central bank's coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though postponed from an initial planned launch in February."

August 16, 2023

On the wires

August 15, 2023

On the web

August 10, 2023

On the web

August 8, 2023

On the web

July 24, 2023

On the web

July 20, 2023

On the web

Lessons Learned From Brazil's PIX for US FedNow Program [Video]

Bank Info Security

"Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, Carlos Kazuo Missao, head of innovation in the Americas at GFT, shares his experience with PIX and some important lessons U.S. banks can learn from Brazil."

July 17, 2023

On the web

June 22, 2023

On the web

June 15, 2023

On the web

'Super App' is Being Implemented, says BC President

Finsiders

"The Central Bank (BC) is designing a 'super app' to bring together, in an integrated manner, all financial products and services. The project is in the “initial phase of implementation”, revealed Roberto Campos Neto, president of the organ, in an event promoted yesterday (12) by the Institute for the Development of Retail (IDV) ."

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