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ECB and Brazil Launch Study to Link TIPS with Pix Payments

Original: European Central Bank (ECB) and Brazil Launch Study to Link TIPS with Pix Instant Payments

The European Central Bank and Brazilian authorities are launching a joint study exploring how to connect the eurozone's TARGET Instant Payment Settlement (TIPS) system with Brazil's popular Pix instant payment network. The work would explore cross-border interoperability between the two real-time payment systems. If successful, the initiative could make euro-real transfers faster and cheaper, reducing reliance on traditional correspondent banking channels.

Why now: Cross-border payment interoperability between major instant payment systems is a significant step for global payments infrastructure.

European Central BankPixTIPSBrazilEurozone

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• European Central Bank (ECB) and Brazil Launch Study to Link TIPS with Pix Instant Payments · Crowdfund Insider

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