Brazil, ECB Studying Instant Payments Link in Potential First Cross-Border Move for Pix, Sources Say
The talks could lead to Pix’s first cross-border expansion, with a pilot project possible in 2028 if the initiative advances, sources said.
- On Thursday, Brazil's central bank and the European Central Bank initiated studies into a potential link between their instant payment systems, a move that could mark the first cross-border expansion of the Pix platform.
- Since its late 2020 launch, Pix has transformed Brazil's payment landscape, bringing millions into the financial system while eroding the market share of global card networks Mastercard and Visa.
- The ECB confirmed an ongoing preliminary investigation into linking its TARGET Instant Payment Settlement platform with Pix, identifying it as a "currency corridor under exploration."
- Pix has become a flashpoint in Washington, with the Trump administration citing the platform among "unfair practices" used to justify new 25 per cent tariffs on Brazilian goods in July.
- Technical teams are currently assessing whether an interconnection is feasible, with one source indicating a pilot project could launch in 2028 if the initiative advances as planned.
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Brazil, ECB studying instant payments link in potential first ...
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Brazil, ECB studying instant payments link in potential first cross-border move for Pix, sources say
BRASILIA, Sept 3 : Brazil's central bank and the European Central Bank (ECB) are studying a potential link between their instant payment systems, two people with direct knowledge of the matter said, in a move that could mark the first cross-border expansion of Brazil's hugely successful Pix platform.The sourc
The Central Bank (BC) is conducting studies to link the Pix to the TIPS, an instant payment platform of the European Central Bank (ECB). The interest in the Brazilian system is recorded in the public presentation "TIPS-CG Meeting Status update on cross-border payments in TIPS" of June 10. The ECB's technical team disclosed the status of the TIPS cross-border payments at that month's meeting. The information was initially released by the Folha de…
European Central Bank document, obtained by Folha, reports that studies for interconnection are in the pre-investigation phase
Brazil, ECB Weigh Pix Connection to Europe’s TIPS Platform
The European Central Bank and Brazil’s central bank are negotiating a possible connection between Pix and TIPS, Europe’s instant payment platform, according to a Folha de S. Paulo report citing an ECB document. Both sides are targeting an operational pilot for June 2028, provided the talks continue to progress. Brazil’s central bank has assigned nine [...] The post Brazil, ECB Weigh Pix Connection to Europe’s TIPS Platform appeared first on Fint…
The ECB document on the stage of cross-border payments of TIPS with systems from other countries reports that studies on the connection with PIX are under pre-investigation.
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