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Brazil’s Pix: The Instant Payment System Built by a Central Bank

PaymentsBy: S. Mohsen Shahmoradi2 min readSource: Banco Central do Brasil
Brazil’s Pix: The Instant Payment System Built by a Central Bank

1Introduction

Pix is Banco Central do Brasil’s instant payment system, live since November 2020. Payments settle in seconds, 24/7, using keys such as phone number, email, tax ID or QR code instead of account numbers.

2Discussion

Its distinctive feature is the central bank’s direct role: it operates the infrastructure and sets participation rules, with large institutions required to join, which drove rapid nationwide adoption.

3Conclusion

The central bank frames Pix as part of a wider agenda for innovation, competition and inclusion that also includes open finance.

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Sources

  1. Banco Central do Brasil — Pix ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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