Brazil Upgrades Real Time Payments Rails, Goes Live With PIX
PYMNTS
NOVEMBER 16, 2020
Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week. It will be fully operational starting Monday (Nov. 16) and has already processed 10 million transactions a day.
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