2 weeks ago
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By Marcela Ayres
BRASILIA, Aug 10 (Reuters) - Brazil's cardinal slope said connected Monday it is assessing links betwixt its fashionable instant outgo strategy Pix and akin platforms abroad, successful a much factual propulsion toward cross-border integration arsenic the system comes nether scrutiny from the U.S.
In a study connected Pix, which was precocious cited by the U.S. government among practices it views arsenic unfair and utilized to warrant caller tariffs connected Brazilian goods, the cardinal slope said connecting instant outgo systems could little costs, accelerate transactions, broaden entree and amended transparency successful cross-border payments.
The connection was firmer than successful the regulator's previous Pix absorption report, published in 2023, which said lone that the level "may successful the future" beryllium integrated with planetary instant-payment systems.
The latest study says authorities are discussing bilateral connections and information successful multilateral outgo hubs.
The cardinal slope told Reuters successful July that it had signed information-sharing agreements connected Pix with 65 overseas counterparts, ranging from Germany and Canada to South Africa and Turkey.
Pix dominates physics payments successful Brazil, enabling real-time transfers done banking apps. The strategy offers escaped person-to-person payments and importantly cheaper transactions for merchants, bypassing overmuch of the accepted card-payment chain.
Since its motorboat successful precocious 2020, Pix has transformed Brazil's payments landscape, bringing tens of millions of radical into the fiscal strategy portion eroding the stock of debit and recognition cards, affecting planetary paper networks specified arsenic Mastercard and Visa.
The strategy was cited by U.S. President Donald Trump's medication successful a commercialized probe concluded successful July that raised concerns implicit the central bank's dual relation arsenic relation and regulator. The uncovering helped support caller 25% tariffs connected Brazilian imports.
The central slope reiterated in the study its long-standing presumption that Pix is captious nationalist integer infrastructure.
Pix transactions roseate 25.7% successful 2025 from the erstwhile year, to astir 80 billion, with volumes exceeding 35 trillion reais ($6.87 trillion). Consumer-to-business payments accounted for 43% of each Pix transactions past year, up from 6% successful 2020, underscoring its improvement into a ascendant retail payment method.
($1 = 5.0967 reais)
(Reporting by Marcela Ayres)
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