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Brazil's Central Bank advances Pix links with EU and India
Original: INTERNATIONAL PIX! Central Bank advances connection with TIPS (European Union) and UPI (India)! U...
Brazil's Central Bank is reportedly moving forward with connecting its Pix instant payment system to the European Union's TIPS network and India's UPI. The development would allow cross-border payments between Brazil and those regions, and Brazilian commentators are discussing what faster, cheaper international transfers could mean for users and remittances.
Why now: News that Pix could link to European and Indian payment systems has major implications for Brazilians sending and receiving money abroad.
Central Bank of BrazilPixTIPSUPIIndia
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Evidence
- INTERNATIONAL PIX! Central Bank advances connection with TIPS (European Union) and UPI (India)! U... · Professor Ricardo Marcílio · 118.9K
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