"Brazil's central bank and the European Central Bank (ECB) are studying a potential link between their instant payment systems, two people with direct knowledge of the matter said, in a move that could mark the first cross-border expansion of Brazil's successful Pix platform. The sources, who spoke on condition of anonymity, said the discussions reflect a willingness by technical teams to assess whether such an interconnection is feasible. One source said a pilot project could be launched in 2028 if the initiative advances as planned."