Brazil and Europe Start Evaluation to Connect Pix and Tips
28 Articles
28 Articles
The European Central Bank (ECB) and the Brazilian Central Bank (CB) announced today that they have launched a phase of assessing the feasibility of interconnection between their instant payment systems.
According to Brazilian monetary authority, the interconnection of Pix with the European system "may contribute to faster, more efficient and cheaper cross-border payments" between the two jurisdictions.
BC and ECB assess technical, operational, legal and business aspects to connect the instant payment systems of the two regions
BC says linking Pix to the European system can contribute to faster, more efficient and cheaper payments between the two jurisdictions
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