The European Central Bank and Brazil's Central Bank on Wednesday announced they have begun assessing whether Pix, Brazil's instant payment system, can be wired directly into TARGET Instant Payment Settlement (TIPS), the Eurosystem's platform for settling instant payments in central bank money.
The ECB's Governing Council approved the study, which will weigh technical, operational, legal, and business questions. Neither announcement sets a launch date.
You’re missing out on the full story
Get smarter on Brazil and Latin America
Enjoy 7-day free trial now!The full picture. The sharpest takes. All in your inbox, every day:
- 🏆 Award-winning journalism, trusted worldwide
- 📊 Exclusive charts and analyses
- 🗃️ Archive access
- 💬 Commenting
