Brazil Central Bank Eyes Expansion for Pix Payment System as US Trade Scrutiny Intensifies
The bank said cross-border links could lower costs and speed transfers as Pix faces U.S. criticism and helped support 25% tariffs on imports.
- On Monday, Brazil's central bank announced it is assessing links between its instant payment system Pix and foreign platforms to enable cross-border integration amid U.S. scrutiny.
- Since its late 2020 launch, Pix has transformed Brazil's payments landscape, with Consumer-to-business transactions rising to 43 per cent of all activity, eroding market share from Mastercard and Visa.
- Pix transactions rose 25.7 per cent in 2025 to nearly 80 billion, with volumes exceeding 35 trillion reais , while offering free person-to-person transfers and significantly cheaper merchant costs.
- The central bank told Reuters it signed information-sharing agreements on Pix with 65 foreign counterparts, including Germany, Canada, South Africa, and Turkey, marking significant global expansion.
- Authorities are now discussing bilateral connections and participation in multilateral payment hubs, a shift from 2023 reports that stated the platform 'may in the future' be integrated internationally.
16 Articles
16 Articles
The Brazilian Central Bank announced that it is studying interlinking the Pix electronic payment system to foreign institutions' congeners, already being accepted in some commercial establishments in Portugal and other countries. The information is contained in the second edition of the Pix Management Report, released on Monday, August 10, which presents the main advances of the platform between 2023 and 2025, the results achieved by the payment…
Pix gains ground in Brazils bars, restaurants; accounts for 20.5% of in-person payments - The Tribune
The survey, which covered 2,109 businesses across Brazil, found that Pix has made significant inroads, particularly among smaller establishments, fast-food outlets and businesses operating in the country's North and Northeast regions.
aninews.in
Pix gains ground in Brazil's bars, restaurants; accounts for 20.5% of in-person payments
The survey, which covered 2,109 businesses across Brazil, found that Pix has made significant inroads, particularly among smaller establishments, fast-food outlets and businesses operating in the country's North and Northeast regions.
In Brazil, paying for services as basic as a taxi, a beer that is drunk at the foot of the sea or even the candy offered by a one-meter-on-board seller is as simple with the use of the PIX, an instant payment system that allows money to be transferred between accounts in seconds and at any time of the day. Unlike other tools that operate in the world, Brazil’s system is state-owned, and today serves as a reference for governments such as Ecuador…
Brazil eyes Pix cross-border expansion amid US tariff row
Brazil’s central bank signals a firmer push to link Pix with foreign payment systems, weeks after the US cited it to justify 25% tariffs Brazil’s central bank said on Monday it is assessing links between Pix and similar instant-payment platforms abroad, a firmer signal of cross-border ambitions for a system the US has named in a trade dispute. The statement came in the bank’s management report on Pix, the free instant-payment rail it operates. …
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