✉news BusinessBanking first seen 17 h ago, last 22 min ago, peak #7
ECB and Brazil Launch Study to Link TIPS with Pix Payments
Original: European Central Bank (ECB) and Brazil Launch Study to Link TIPS with Pix Instant Payments
The European Central Bank and Brazilian authorities have launched a study to explore linking the ECB's TARGET Instant Payment Settlement (TIPS) system with Brazil's Pix instant payments network. The initiative would allow faster cross-border payments between the euro area and Brazil, an emerging area of cooperation as central banks worldwide look to make international transfers quicker and cheaper.
Why now: Central bank cooperation on instant payment interoperability is a notable step toward faster, cheaper cross-border payments between Europe and Brazil.
European Central BankPixBrazilTIPS
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Evidence
- European Central Bank (ECB) and Brazil Launch Study to Link TIPS with Pix Instant Payments · Crowdfund Insider
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