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Central Bank of Brazil
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- 1ECB and Brazil Launch Study to Link TIPS with Pix Payments▼European Central Bank (ECB) and Brazil Launch Study to Link TIPS with Pix Instant Payments
The European Central Bank and Brazilian authorities have launched a study to explore linking the ECB's TARGET Instant Payment Settlement (TIPS) system with Brazil's Pix instant payments network. The initiative would allow faster cross-border payments between the euro area and Brazil, an emerging area of cooperation as central banks worldwide look to make international transfers quicker and cheaper.