PIX, an instant payment platform created by the Brazilian Central Bank, is one step closer to its launch date. On Wednesday, the monetary authority approved and published the regulations for the new platform, which is set to begin operating in November, as the latest addition to the ebullient payments market in Brazil.
The pandemic has imposed new habits for consumers around the world and, in many cases, it has sped up processes that were ongoing before Covid-19 arrived. In Brazil, changing consumer routines have come together with new technologies in the payments market, many of which are set to come into operation before the end of the year.
Will 2020 be the year the Brazilian payments industry sees a more radical overhaul?