PIX: Can it Help Create a Digital Payments Ecosystem in Brazil?

Case Code: ECON101
Case Length: 12 Pages
Period: 2016-2022
Pub Date: 2022
Teaching Note: Available

Price: Rs.300
Organization : Central Bank of Brazil
Industry : Financial Services
Countries : India
Themes: Government & Economy, FinTech,Government Policies,Financial Institutions

Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

PIX, Brazil’s new instant payments system was launched in October 2020 with features similar to that seen in India’s Unified Payments Interface (UPI) . Way back in 2016, India’s UPI was among the first to allow interoperability among payment systems by letting customers select between phone numbers, account numbers, and domain-based aliases. This new innovation gave customers flexibility in how they identified themselves for the purposes of receiving payments...

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